📊 $BTC 83,861 (-0.7%): edging lower into a $14B expiry, while alts bounce
Market Brief: September 25th, 2026 (Friday)
$ETH 2,669 (-1.0%). Cap $2.87T, dominance 58.5%. Breadth: 39/28.
🔸 Alts bounced: 39 of 68 liquid pairs are up, versus 8 of 69 yesterday.
🔸 $14.0B of BTC options expire on Deribit at 08:00 UTC, a third of its open interest. Max pain is 79K, 6% below spot.
🔸 Bitget says $352M was stolen from hot wallets; its $464M protection fund will cover it (via Binance News).
My read: the expiry is the next thing that can break this 2K box (82.9K-84.9K).
What I'm doing: no new risk before the 08:00 UTC settlement, watching 82.9K.
Does a big expiry move BTC, or is max pain just a story? 🤔
Follow for Monday's brief.
Data: Binance spot/futures, CoinGecko, Deribit, as of 07:42 UTC. Not financial advice.
Market Brief: September 25th, 2026 (Friday)
$ETH 2,669 (-1.0%). Cap $2.87T, dominance 58.5%. Breadth: 39/28.
🔸 Alts bounced: 39 of 68 liquid pairs are up, versus 8 of 69 yesterday.
🔸 $14.0B of BTC options expire on Deribit at 08:00 UTC, a third of its open interest. Max pain is 79K, 6% below spot.
🔸 Bitget says $352M was stolen from hot wallets; its $464M protection fund will cover it (via Binance News).
My read: the expiry is the next thing that can break this 2K box (82.9K-84.9K).
What I'm doing: no new risk before the 08:00 UTC settlement, watching 82.9K.
Does a big expiry move BTC, or is max pain just a story? 🤔
Follow for Monday's brief.
Data: Binance spot/futures, CoinGecko, Deribit, as of 07:42 UTC. Not financial advice.
