Daily market structure BTCUSDT perpetualFinal

Bitcoin on Monday, 12 October 2026

BTC closed down 2.28 % on the day, trading between 81,700 and 84,340. The high came at 06:55 UTC and the low at 23:50 UTC.

Close
81,813
−2.28 % from 83,723 open
Range
2,640
81,700 – 84,340
Dealer regime
Long gamma
Hedging dampens moves
Volume
141,916
BTC traded

Sessions

Asia, London and New York, each summed up when it closes. Times follow local opening hours.

Asia
00:00–07:00 UTC
Closed
+0.54 %
83,414 – 84,340  ·  range 926
high 06:55 UTC  ·  low 01:50 UTC  ·  32,801 BTC
  • EatenAsk wall 84,183 at 05:04
  • PulledAsk wall 84,350 at 05:15
Asia session chart
London
07:00–13:30 UTC
Closed
−1.97 %
82,424 – 84,312  ·  range 1,888
high 07:10 UTC  ·  low 13:25 UTC  ·  44,473 BTC
  • HeldBid wall 83,400 at 10:38
  • EatenBid wall 83,000 at 12:34
London session chart
New York
13:30–20:00 UTC
Closed
+0.38 %
82,244 – 83,077  ·  range 833
high 14:10 UTC  ·  low 18:45 UTC  ·  37,905 BTC
  • PulledBid wall 82,800 at 16:25
Long gamma  ·  CW 90,000  ·  PW 80,000
New York session chart
BTC order book heatmap for 12 Oct 2026 with price, options walls and the day's liquidity wall events
Asks (resting sell liquidity)Bids (resting buy liquidity) Call / put wall0DTE wallsGamma flip

What happened

Written from the data, not opinion.

Options positioning puts the call wall at 90,000 and the put wall at 80,000. Dealers are estimated to be long gamma, where dealer hedging tends to dampen moves.

The bid wall at 83,400 held at 10:38 UTC: about 320 BTC traded into it and price turned 89 USD away.

At 12:34 UTC a 274 BTC bid wall at 83,000 was eaten by market orders.

At 16:25 UTC a 305 BTC bid wall at 82,800 was pulled before price reached it.

Liquidity wall events

Classified from every trade at the wall's own price, not from candles.

EventWallTime
HeldBid wall 83,400
320 BTC traded into it, price turned 89 USD
10:38 UTC
EatenBid wall 83,000
214 BTC of 274 BTC traded away
12:34 UTC
PulledBid wall 82,800
305 BTC wall, 278 BTC removed in 0.2 s, almost nothing traded
16:25 UTC

Options positioning

Deribit, OKX and Bybit open interest, end of day.

Dealers long gamma

Dealers buy dips and sell rallies to stay hedged, which tends to calm the market around big strikes.

Call wall
Strike with the most call gamma
90,000
Put wall
Strike with the most put gamma
80,000
Gamma flip
Where total dealer gamma changes sign
80,928 from 80,627
Call wall 0DTE
Expiring within 24 hours
83,000 from 84,000
Put wall 0DTE
Expiring within 24 hours
82,500

Resting liquidity at the close

Largest walls within 2.5 % of price.

Largest bids below

  • 80,600290 BTC
  • 80,200279 BTC
  • 81,000244 BTC

Largest asks above

  • 82,625196 BTC
  • 81,950143 BTC
  • 82,450128 BTC

Next expiries

Share of all open BTC options.

14-OCT7,044 BTC1.6 %
16-OCT22,384 BTC5.2 %
30-OCT155,842 BTC36.0 %
27-NOV27,535 BTC6.4 %

See every wall form and disappear, live.The same data as this report, second by second, free in your browser.

Open Depth
13 Oct →

Method. Price, volume and order book from Binance USDⓈ-M BTCUSDT. Option levels use open interest from Deribit, OKX and Bybit with the common assumption that dealers are long calls and short puts; it is an estimate, not measured positioning. A wall is "held" when trades hit it and price turned, "pulled" when it vanished within seconds with almost nothing traded, "eaten" when most of it was traded away. Times are UTC. Updated 13 Oct 15:42 UTC.