Daily Digest / ETH

ETH · 2026-08-22

Deribit option chain summary for UTC 2026-08-22 — 96 sampled snapshots (~15 min intervals, 24/7).

Avg PCR

0.559

Aggregate OI across all expiries

Max Pain

$2,100

End-of-day aggregate max pain strike

Spot Range

$2,463
–
$2,605

Range $142 (5.77%)

Liquidations

$25.4M

Deribit + OKX + Bybit forced liqs (UTC day)

Signal Bias

LONG

Deribit PCR engine or PCR-derived

Max-Pain PCR

2.221

PCR at the max-pain strike level

Snapshots

15-min sampled chain reads

Reading these numbers

PCR 0.559 — put OI ÷ call OI summed across every Deribit expiry. Crypto tends to run lower PCR than Indian indices.
Max pain $2,100 — aggregate strike minimizing writer payout if all expiries settled there (they don't — daily/weekly/monthly roll separately).
Liquidations — real forced closes from Deribit, OKX and Bybit only; not Binance market-wide.

UTC-day summaries for research — not trading signals. Disclaimer →

Live aggregate max pain lander.

Current put-call ratio snapshot.

How crypto expiry and settlement differ.