Indicia Desk.
Log in
Radar
Data
Whales · Futures Map Whales · Options Trades Whales vs Crowd Whale Fragility Altseason Max Pain Gamma · GEX Fear & Greed Volatility
Research
Investigations · whale stories Case: ≈$1.39M in a range DVOL · 907 days of fear Max pain · track record Whale case audit
Strategies
Journal · 92 strategies 3 strategies · access Builder Strategy profiles Alerts Pricing
Method
How it works Glossary Podcast About Log in 🆘 Contact us Log in
NEXT BRIEF · THURSDAY BEFORE 08:00 UTC FRIDAY

One page before every Bitcoin options expiry

A Deribit options expiry brief for BTC and ETH: max pain on two exchanges, the market maker corridor, the open interest walls, the gamma flip and the biggest whale structure on that expiry. Then on Friday we print whether it held.

EXPIRY BRIEF · BTC

Max pain · Deribit$ —
Max pain · Bybit$ —
MM corridor$ — to $ —
Top put wall$ —
Top call wall$ —
Gamma flip$ —
Largest blocklegs · size

Layout example with placeholder figures. The real brief carries that week's numbers.

452expiries tracked since February
81%corridor held (368)
37%max pain hit exactly (169)
89%naive band, same width. We print it too

What is inside the expiry brief

Our expiry record

452 expiries since February. The corridor held 81% (368). Max pain hit exactly 37% (169). A naive band of the same width around the previous day held 89%, and we say so. Open the full ledger →

How it works

1
Tap the button

Our checkout bot opens in Telegram. Pick monthly or yearly.

2
Pay in crypto

USDT or USDC. The bot checks the transfer and sends a one-time invite.

3
Read it Thursday

The brief lands in the private channel before Friday's expiry. Friday we post the result.

Free vs paid

FreeBrief
Same contentYesYes
WhenAfter settlementThursday, before expiry
WherePublic TelegramPrivate channel
Friday resultYesYes

Brief

Free
0

The same brief, published after the expiry settles. Plus the Friday result.

Telegram
Brief
15 USDT / month

Thursday, before the expiry. In a private Telegram channel.

Get the brief in Telegram
BEST VALUEBrief · 12
120 USDT / year
Save 60 USDT vs monthly, 10 a month

Thursday, before the expiry. In a private Telegram channel.

Pay yearly

Prefer to pay by card? Ask here and we will tell you when it opens. Request card payment

Where the data comes from

Every level in the brief is computed by us from public exchange APIs that anyone can query. No paid vendors, no numbers copied from other channels.

Deribit options

Source: Deribit public API. Open interest by strike for every BTC and ETH option, implied volatility, greeks and the DVOL index. Our archive snapshots the whole chain every hour since 10 March 2026, so every Thursday number can be checked against its own snapshot.

Bybit options

Source: Bybit public market API, option tickers with open interest by strike. Used for the second max pain next to Deribit.

Levels

Max pain, the market maker corridor, the put and call walls and the gamma flip are computed from that open interest and greeks. The Friday result uses the official settlement.

Whale structure

Source: Deribit public API block trades, every 5 minutes. The legs of one block are grouped, and we only count blocks of $5M or more gross notional on BTC or $3M or more on ETH. Positions of every account in our Hyperliquid whale registry, about 220 today, are read about every 8 minutes.

A real alert from the free channel

@whalewatch_free · 21 Oct 2026, 00:35 Madrid time, posted 90 minutes after the move
🐋 HL whale 0x4e23·20c3 ➖ cut SHORT ETH
$12.7M → $4.2M (Δ $8.5M)
lev 20x · explorer

Copied as posted. We leave the entry price out on this page.

The free channels show the same whale feed in public: @whalewatch_free in English and @whalewatch_gratis in Spanish get the 2 largest alerts of each day, 90 minutes late.

Expiry Brief FAQ

What is max pain?

The strike where option buyers as a group would lose the most at settlement. It is a reference level, not a promise of where price ends. Our record shows how often it was hit.

Is this a trading signal?

No. It is a map of where positioning sits before expiry. Our own record shows the corridor misses about one time in five.

Why show the naive band?

Because it beat our corridor on the same width. You should know that before you pay.

How do I pay?

USDT or USDC through our Telegram checkout bot. Crypto payments do not auto-renew.

Can I cancel?

Yes, any time. Access runs until the end of the paid period.

Card payment?

Not built in. Use the card request and we will send an invoice.

Want the whale moves themselves, live? Hyperliquid whales and Deribit blocks in Telegram, 19 USDT a month. See Whale Watch →
Expiry Brief · 15 USDT / moGet the brief in Telegram
Privacy
🌐 EN · ES