Ethereum (ETH) options trading on Deribit and OKEx reached record levels in recent days, as the price of ether has increased. Deribit saw $20 million traded yesterday and OKEx has seen $12 million liquidated over the past three days.

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.