Derivatives Data

On March 10th, Bloomberg reported that due to escalating conflicts in the Middle East, the 24-hour trading volume of perpetual contracts tracking WTI crude oil on the Hyperliquid platform exceeded $1.2 billion, making it the second-largest market after Bitcoin. The contract price briefly rose to $107 per barrel, with $75 million in short positions liquidated, indicating the market's sensitive reaction to the Iran situation.

This article analyzes the dynamics of the Bitcoin derivatives market, pointing out that before macroeconomic data releases, the market shows downward risks through funding rates, open interest, and liquidation data. Negative funding rates, high open interest, and the subsequent employment report collectively influence market direction, revealing how the derivatives market quickly reflects macro pressures and trader sentiment.

Gate News Report, March 9th, Coinglass data shows that in the past hour, the total liquidation across the entire network reached $90,084,300, with long positions liquidated at $43,935,600 and short positions at $46,148,700. By asset type, XYZ:CL (Crude Oil Futures Contract) liquidation was $29.2 million, and BTC liquidation was $22.12 million.

Gate News Report, March 9: According to Hyperinsight monitoring, "Big Brother Ma Ji" Huang Licheng increased his leveraged ETH long position 25 times to 3,775 ETH. The current position is valued at approximately $7.62 million, with an unrealized profit of $135,000 (+45.5%). The average entry price for this position was $1,998, with a liquidation price of $1,960.

In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $395 million, with $206 million in long positions and $188 million in short positions liquidated. BTC and ETH were liquidated for $152.5 million and $76.97 million respectively, with a total of 93,639 people liquidated. The largest single liquidation occurred on Hyperliquid's BTC-USD trading pair, valued at $6.88 million.

This week will release the US February CPI and unemployment data, as well as the January PCE Price Index. Meanwhile, US and Israeli military actions may impact oil transportation through the Strait of Hormuz. The implied volatility of major maturities has risen significantly, with BTC short-term IV exceeding 65%, ETH short-term IV exceeding 80%, and the skew indicator declining.

XRP is experiencing a notable market shift with a significant exchange outflow of over $738 million, indicating cautious buyer sentiment. Despite minor volatility, the asset shows signs of stability and growth potential, supported by Ripple Labs' initiatives in DeFi.

Gate News reports that on March 9th, according to Lookonchain monitoring, a trader opened a 20x leveraged crude oil long position at a price of $101.79. The current position is valued at $3.2 million, with a liquidation price of $98.87.

On the evening of March 9, Bitcoin broke through $69,000, and Ethereum surpassed $2,000, signaling a market sentiment rebound. However, at the same time, 92,031 traders worldwide faced liquidations, totaling $374.9 million, affecting both bullish and bearish traders.

Gate News Report, March 9th, according to Coinglass data, the total liquidation across the entire network in the past hour reached $30.51 million, including $27.08 million in short positions and $3.43 million in long positions. By individual cryptocurrencies, BTC liquidations amounted to $16.23 million, and ETH liquidations reached $6.62 million.

Kaspa (KAS) is sitting in a tight range right now, and traders are watching because the next move could come fast. The price is hovering near the $0.029 area, with liquidity building both above and below the market. Data shared byKaspa Daily shows two clear liquidity zones that could pull pric

Gate News Report, March 9 — According to Hyperinsight monitoring, the contract whale pension-usdt.eth started shorting Bitcoin on Hyperliquid with 3x leverage about 10 minutes ago. The current position is 170 BTC short, approximately worth 12.2 million USD, and the position is still increasing.

According to DefiLlama data, during the weekend of March 9th, trading activity on mainstream perpetual contract decentralized exchanges was relatively low. Hyperliquid still ranked first in trading volume, with approximately $4.57 billion in 24-hour trading volume. Although trading volume and open interest on major exchanges saw little change, TVL experienced a slight increase. EdgeX and Aster ranked second and third, respectively.

On March 9th, WTI crude oil prices dropped to $97 per barrel, causing the prices of related contracts on Hyperliquid to decline. Two whales continued to add positions during this period, with one opening a long position of 39,500 contracts at $95.38, with an unrealized profit of $230,000; the other added to their position at $96, temporarily opening a position worth over $7.7 million, with an unrealized profit of $100,000.

Gate News Report, March 9 — According to MLM monitoring, trader Momo opened a long position of 150,000 barrels of crude oil CL (crude oil futures contracts, approximately $15.5 million) three hours ago and closed all positions at market price 13 minutes ago, just 0.1% away from liquidation price. This fluctuation pushed the CL price down to $93.7, about 2.7% below the regular crude oil futures price. Momo lost $1.3 million within 2.5 hours of trading OIL.

According to Hyperinsight monitoring, the Hyperliquid platform's Brent crude oil futures contract "BRENTOIL/USDC" has surpassed $140 million in trading volume, ranking in the top ten by trading volume. The current price is $103.8, with large whales holding mostly short positions. The largest short position is valued at $4.85 million, with an unrealized loss of $280,000, representing approximately an 11% loss.

Gate News reports that on March 9, according to CoinAnk data, the total liquidation across the entire network in the past 24 hours was $314 million, with long positions liquidated at $188 million and short positions at $127 million. By individual cryptocurrency, Bitcoin liquidation was approximately $112 million, and Ethereum liquidation was about $50.51 million. Notably, the on-chain synthetic oil asset XYZ:CL ranked third in liquidation amount, approximately $55.36 million.

Despite international oil prices rising to $115 and the market shifting to a defensive stance, Bitcoin has shown resilience, with options flow indicating reduced downside concerns. Market optimism towards Bitcoin is returning, with focus on this week's economic data.

Hyperliquid exchange data shows that 12 out of the top 20 markets by trading volume are related to HIP-3 assets. This proposal supports creating perpetual futures markets based on external price sources, indicating increased trader interest in real-world assets.