Today is options expiry day for Bitcoin (BTC) and Ethereum (ETH) on Deribit. Open interest clocks in at $5.5 billion for BTC options and $911 million for ETH options.

Key Levels to Watch

According to Deribit and the Telegram channel crypto_hd, traders are zeroed in on the $70,000 mark for BTC and $2,050 for ETH. These strikes are where most of the action is clustered.

What Does This Mean for the Market?

Options expiry always draws extra attention from traders. As contracts close out and positions get shuffled, expect price moves and a spike in market activity around those highlighted levels.

Where to Track the Data

You can keep tabs on all the options metrics over at Deribit's website: deribit.com/statistics/ETH/metrics/options. For more commentary, check out the crypto_hd Telegram channel.