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54  <div class="cx-eyebrow">Crypto · Deribit options · computed by GEX Levels</div>
55  <h1 class="cx-h1">Bitcoin &amp; Ethereum gamma exposure levels.</h1>
56  <p class="cx-sub">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.</p>
57
58  <div class="cx-switch" role="group" aria-label="Currency">
59    <button type="button" data-cx-currency="BTC">BTC</button>
60    <button type="button" data-cx-currency="ETH">ETH</button>
61  </div>
62  <p class="cx-status" data-cx-status data-state="live"><span><span class="cx-dot"></span><span data-cx-status-text>Loading…</span></span></p>
63
64  <div class="cx-lock" data-cx-lock hidden>
65    <h2>Levels for subscribers</h2>
66    <p data-cx-lock-text>BTC and ETH levels are part of the GEX Levels Indicator subscription.</p>
67    <div class="cx-lock__actions"><a class="cx-lock__btn" href="/checkout/indicator-monthly">Start free trial</a><a class="cx-lock__link" href="/login?next=/crypto" data-cx-lock-signin>Sign in</a></div>
68  </div>
69  <div class="cx-readings" data-cx-readings></div>
70
71  <div class="cx-grid">
72    <section class="cx-card">
73      <h2>Price with the levels</h2>
74      <p class="cx-note">Perpetual, 10-minute candles, last 48 hours. Lines: Call Wall, Gamma Flip, Zero Gamma (model, with its band), Put Wall.</p>
75      <div class="cx-chart" data-cx-chart></div>
76      <div class="cx-legend"><span><i class="cx-sw-cw"></i>Call Wall</span><span><i class="cx-sw-flip"></i>Gamma Flip</span><span><i class="cx-sw-zg"></i>Zero Gamma (model)</span><span><i class="cx-sw-pw"></i>Put Wall</span></div>
77    </section>
78    <section class="cx-card">
79      <h2>Levels</h2>
80      <p class="cx-note">Reaction zones from dealer positioning, 1 to 60 days to expiry. Distances are from the Deribit index price.</p>
81      <ul class="cx-ladder" data-cx-ladder></ul>
82    </section>
83  </div>
84

85  <div class="cx-grid cx-grid--mt">
86    <section class="cx-card">
87      <h2>GEX profile by strike</h2>
88      <p class="cx-note">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).</p>
89      <div class="cx-profile" data-cx-profile></div>
90    </section>
91    <section class="cx-card">
92      <h2>Today's structure over time</h2>
93      <p class="cx-note" data-cx-hist-note>Walls, flip and zero gamma, one point every 10 minutes.</p>
94      <svg class="cx-hist" data-cx-hist viewBox="0 0 600 120" preserveAspectRatio="none" role="img" aria-label="Levels over the last 24 hours"></svg>
95      <div class="cx-legend"><span><i class="cx-sw-cw"></i>Call Wall</span><span><i class="cx-sw-flip"></i>Flip</span><span><i class="cx-sw-zg"></i>Zero Gamma</span><span><i class="cx-sw-pw"></i>Put Wall</span><span><i class="cx-sw-spot"></i>Spot</span></div>
96    </section>
97  </div>
98
99  <div class="cx-cta">
100    <p>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.</p>
101    <a href="/indicator">See the Indicator</a>
102  </div>
103  <div class="hx-links"><a href="/nq-history">NQ levels, twelve years of history</a><a href="/levels">Today's levels</a><a href="/gex/nq">NQ levels explained</a></div>
104
105  <p class="cx-disc">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.</p>
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