Daily digest / ETH / 2026-10-25 · this week
ETH · Sunday 25 Oct 2026 (UTC) · close
$2,333.22 -30.1 (-1.28%)
4th straight down day$3.6M liquidated

Asian-session sell-off, closes near the lows

A steady start gave way at 05:00 UTC and ETH slid $45 to $2,328. Put writers added the most fresh OI at $2,200 (+623 ETH). Call writers built positions at $2,360–$2,450, led by $2,450 (+987 ETH). Max pain held at $2,300 all session.

Spot Max pain PCR 15-min · UTC
Open$2,361
High · 02:40$2,376
Low · 23:49$2,320
Avg PCR0.50
Max pain$2,300
Liquidations$3.6M

Key levels for the next session

$2,500 Call wall · 75,805 ETH OI resistance
$2,450 Fresh calls +987 ETH cap
$2,380 Fresh calls +849 ETH cap
$2,333.22 Close ●
$2,300 Max pain · Put wall · 43,135 ETH OI magnet
$2,260 Fresh puts +486 ETH support
$2,200 Fresh puts +623 ETH support

Where writers added today

$2,450
+987 ETH
$2,380
+849 ETH
$2,360
+665 ETH
$2,200
+623 ETH
$2,260
+486 ETH
$2,150
+444 ETH
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Next-day ATM straddle at open · IV 38.5%$44
Session range$56
One session moved 1.3× the next-day straddle's full priced move.

Last 6 sessions

10-20 $2,456 —
PCR 0.50
MP $2,320 10-21 $2,480 +24
PCR 0.50
MP $2,350 10-22 $2,394 -86
PCR 0.51
MP $2,350 10-23 $2,392 -2
PCR 0.51
MP $2,300 10-24 $2,363 -29
PCR 0.50
MP $2,300 10-25 $2,333 -30
PCR 0.50
MP $2,300

Max pain: strike where option buyers lose most at expiry. Fresh OI: positions opened this session. PCR: put OI ÷ call OI.

Descriptive summaries of recorded option-chain data. Not trading signals or advice. Disclaimer →

Related reading

Max pain today →

Live aggregate max pain lander.

PCR today →

Current put-call ratio snapshot.

BTC vs index options →

How crypto expiry and settlement differ.

All ETH sessions · BTC hub · Live terminal →