(BTC)
Max Pain By Strike
BTC trades at $51.78, pinned near the near-term max pain of $52 expiring Aug 15, 2025 (-1 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($30-$52), signaling increased put positioning or downside protection. Key magnetic zone at 44 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for BTC shows a downward trend from 52 to 30, indicating bearish sentiment or hedging activity. The 50% spread signals divergent expectations across timeframes. Most levels below 51.78 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 52 | 0.22 (0.42%) |
| Sep 19, 2025 | 44 | -7.78 (-15.03%) |
| Oct 17, 2025 | 41 | -10.78 (-20.82%) |
| Dec 19, 2025 | 44 | -7.78 (-15.03%) |
| Jan 16, 2026 | 45 | -6.78 (-13.09%) |
| Mar 20, 2026 | 52 | 0.22 (0.42%) |
| Jan 15, 2027 | 30 | -21.78 (-42.06%) |