BTC Options Pulse™ — Week of Mar 24, 2026
Monday · 5 min read · From
62
Neutral — Call Bias
BTC Options Pulse™ Composite Score
IV Rank
54%
Options are moderately expensive relative to history — not cheap enough to buy aggressively, not rich enough to sell outright.
Put/Call OI
0.72
Call open interest dominates — the market is positioned for upside, which keeps a floor under spot near key put strikes.
IV Skew
+3.1%
Mild put premium over calls — some hedging activity but no real fear. Skew would need to reach +8% before signaling stress.
Max Pain (Fri)
$83k
Friday's Deribit expiry has maximum pain at $83k. BTC is currently $2k above — mild gravitational pull downward into settlement.
Touch Prob $90k
44%
P(touch $90k) by June expiry is 44%, while P(expire above $90k) is just 28%. A 16-point gap — touching it doesn't mean staying there.
This week's take
The options market isn't panicking and it isn't euphoric — it's in a holding pattern. IV rank at 54% tells us the market is pricing in moderate uncertainty, which historically resolves with a directional move within 2–3 weeks. The call-heavy positioning suggests the path of least resistance is still upward, but max pain at $83k is a reminder that dealer hedging flows could suppress price into Friday. Watch for IV compression after expiry — if it drops below 45%, that's often the coiling period before a breakout.