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Quant Daily — 12 Aug 2026

BTC market structure · 2026-08-12 UTC

BTC: $63,816

├ 50MA: $63,399

├ 200MA: $69,787 🔻

├ Realized: $52,306 (MVRV 1.22)

├ STH cost basis: $67,439

├ LTH cost basis: $49,126

├ RSI (weekly): 39.7

├ IBIT cost basis: $81,998

├ MSTR cost basis: $75,385

├ Production cost: $76,505

├ BTC/Gold: 14.4 oz

└ Fear & Greed: 27 (Fear)

ETF 5d +320M$ / 20d +967M$ · CME fwd 2/5 LONG (смешанно) · CLLD 1d -0.62

CSP / CC(where selling puts / calls is structurally favourable)

Week    62000/68000
Month   60000/72000
Quarter 52000/78000

Weekly

Weekly gamma flipped negative for the first time (weekly GEX −2.2M vs a still-positive full book) — moves into the Aug 14 expiry get amplified, not dampened; the pin is broken. Spot 63,816 trades below the weekly flip 63,943.

Weekly walls: calls capped at 68k (largest OI), puts anchored at 60k. Max pain 64k now sits ABOVE spot — expiry pull works upward.

Weekly charm −1.2M — decay flow pressures price for a second day, no supportive drift into the near expiry.

IBIT is softer: still long gamma, cap ~67.1k, floor ~61.8k, max pain ~64.5k — a mild divergence from the BTC book, leaning stabilizing.

Total

Full-book DEX −239M — dealer hedges buy dips; VEX +15.9M — a vol drop adds to that bid. Both mildly supportive.

The total book is still long gamma (GEX +74M) with the book-wide flip at 62,890 below spot — the key regime line.

Spot 63,816 holds above realized (52.3k) and sits right on the 50DMA (63.4k), below STH cost basis (67.4k), the 200DMA (69.8k) and production cost (76.5k) — mid battleground.

Fear & Greed 27, weekly RSI 39.7 — fearful sentiment against a constructive but weakening structure.

Week ahead (beta)

39 days of history. Honest check: yesterday's downside trigger fired exactly — the 64.1k flip broke (64,17563,816), spot slid onto the 63.75k liq magnet and the 63.45k zone (50DMA + flip); weekly gamma dissolved into negative territory, as flagged.

Base case into the Aug 14 expiry (2 DTE): nervous 62,20064,850 chop with a downward lean — weekly gamma and charm are both negative, moves run hotter; liq ladder 62.2k/61.75k and the 61.9k zone below, max pain 64k and liq magnets 64.6k/64.85k above.

Downside trigger: losing 63.463.45k (50DMA + zone) opens the book-wide flip 62,890 — below it the entire book goes short gamma, accelerating to 62.2k/61.75k, then 61.1k/60.6k and the 60k put wall.

Upside trigger: reclaiming the weekly flip 63,943 restores the pull toward max pain 64k and the 64.664.85k node. Post-expiry the monthly book is stretched between max pain 63k and the 72k wall — range can widen either way.

Uncertainty is above normal: the gamma cushion that dampened moves all July is gone.

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Structure derived from deterministic market data. Not investment advice.