BIT Mining Limited (BTCM)

BTCM trades at $2.8, 6.7% below the near-term max pain of $3 expiring Oct 17, 2025 (11 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($1-$55), signaling increased put positioning or downside protection. Key magnetic zone at 1 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for BTCM shows a downward trend from 55 to 1, indicating bearish sentiment or hedging activity. The 564% spread signals divergent expectations across timeframes. Levels distributed around 2.8. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.