Bitcoin (BTC): Max Pain, Gamma Flip & GEX Today
As of 23.08.26, BTC Max Pain is $68,000, the Gamma Flip is $76,000, the top positive-GEX (call wall) is $78,000, the top negative-GEX (put wall) is $75,500, with spot at $75,954.
Spot $75,954 · Deribit · 23.08.26 · delayed
What is BTC Max Pain
Max Pain is the strike where options holders lose the most at expiry, and price often drifts toward it in the final day before settlement.
What is the BTC Gamma Flip
The Gamma Flip is the price where total GEX changes sign. Above it, positive gamma dampens moves (ranging); below it, negative gamma amplifies them (trends, breakouts).
FAQ
What is BTC max pain today?
BTC max pain as of 23.08.26 is $68,000, from Deribit options data.
Where is the BTC gamma flip?
The BTC gamma flip is $76,000: above it market-maker hedging dampens volatility, below it amplifies it.
Is this a free GEX chart?
Yes. These levels and the gamma exposure chart for BTC and ETH are free; live 60-second updates are subscription-based.
See live BTC levels every 60 seconds, all expirations and history in the GEX Terminal.
Open the GEX TerminalInformation is for analytical and educational purposes only and does not constitute investment advice.