COIN cap 187.5 hit

Cap: close under is a hit. Close on the level is a push. Graded on the regular-session close.

A cap is a price above the market where a large amount of options positioning sits. The idea is that this positioning can slow a move up there, so the test is simple: does the stock close under it? When it was posted at 08:44 ET, COIN traded at 179.96, 4.0% below the cap. On the same map, the next level above was 195 and the next level below was 170. See the original post.

Price never closed a 5-minute bar on the wrong side of the cap. Its closest approach was 6.89 away (180.61); the session range was 177.30 to 180.61. In the last hour price moved up 0.49, from 178.90 to 179.39.

The regular-session close was 178.52, 8.98 (4.79%) under the cap at 187.5. Under the rule (cap: close under is a hit), that is a hit.

Crypto-linked stocks fell as Bitcoin and Ethereum slid. COIN finished the day down 3.9%, while SPY was down 0.2%.

• The Crypto Times: Crypto stocks fall as Bitcoin, Ethereum slide (Oct 7, 2026)