Crypto · Deribit options · computed by GEX Levels

Bitcoin & Ethereum gamma exposure levels.

The same dealer-positioning map we draw for SPX, QQQ and NQ, computed from the full Deribit options chain every ten minutes: where hedging piles up above and below, and where the regime flips. Price is free to read; the levels are part of the Indicator subscription. Educational context, never a signal.

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Price with the levels

Perpetual, 10-minute candles, last 48 hours. Lines: Call Wall, Gamma Flip, Zero Gamma (model, with its band), Put Wall.

Call WallGamma FlipZero Gamma (model)Put Wall

Levels

Reaction zones from dealer positioning, 1 to 60 days to expiry. Distances are from the Deribit index price.

    GEX profile by strike

    Net dealer gamma per strike, in dollars per 1% move. Green bars extend right (positive gamma: dealers sell strength, buy weakness); red bars extend left (negative gamma: hedging chases the move).

    Today's structure over time

    Walls, flip and zero gamma, one point every 10 minutes.

    Call WallFlipZero GammaPut WallSpot

    Want these lines on your TradingView chart, for SPX, QQQ, NQ and 140+ symbols, updated all session? That is the GEX Levels Indicator. The crypto overlay follows once this page has a few weeks of history behind it.

    See the Indicator
    NQ levels, twelve years of historyToday's levelsNQ levels explained

    Data: Deribit public order books (open interest and implied volatility per strike), Deribit index price and perpetual candles. Levels are computed by GEX Levels with the same model used for equities; the Zero Gamma line is a Black-Scholes repricing of dealer gamma and carries a confidence flag. Everything here is descriptive market-structure context. Not investment advice, not a signal, no performance promise. Trading involves substantial risk of loss.