Heatmaps for Deribit Bitcoin and Ethereum Block Option Flows
Summary
The document describes a tool for visualizing historical block option trades on Deribit for Bitcoin or Ethereum. A user selects an asset and a lookback period; the script retrieves and cleans the trade data, then plots activity by option maturity and strike. A vertical marker identifies the strike nearest the asset’s current price, helping readers orient trade flow around the prevailing market level.
The heatmap is intended to make concentrations of block activity easier to inspect across expiries and strikes. The article gives examples for Bitcoin and Ethereum and describes saving the resulting visualization, but it does not provide a worked interpretation of particular trades, performance evidence, or a trading rule. The plot therefore serves as a market-monitoring aid rather than a standalone signal: block flow alone does not establish whether a position is opening or closing, its intent, or its effect on future prices. The supplied text also omits implementation details and specific dependencies, so it explains the tool’s purpose and display more than its technical setup.
Key ideas
- The tool visualizes historical Deribit block option trades for Bitcoin or Ethereum.
- It maps trade activity by maturity date and strike price.
- A marker shows the strike closest to the asset’s current price.
- The heatmap helps inspect trade concentrations but does not establish trader intent or provide a validated signal.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.