The increased activity in options trading is not an indicator of future price changes. Nevertheless, the activity reveals that ether traders are taking an active role in the market — and increased activity often results in price movements.

Bitcoin has also seen substantial increases in options trading in recent weeks. Open interest in Bitcoin has reached all-time highs. Deribit Bitcoin options also hit all-time highs in recent weeks.

Additionally, Friday saw the closure of nearly 33K BTC in open interest. Nevertheless, the market price did not change substantially.

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