Derivatives Data

According to crypto media Ingame, on May 21, Kalshi’s margin trading demo environment is now accessible via a page. The page does not appear in Kalshi’s main navigation menu. The API documentation states that the “official version interface for real-time leveraged trading” will be launched soon. The demo environment currently covers only cryptocurrency perpetual futures contracts and does not include binary event contracts, which make Kalshi a leading platform by trading volume. Demo Environment

According to Hyperinsight data monitored by ChainCatcher, a new address deposited $1 million to Hyperliquid yesterday (May 20) and shortly after opened a 10x leveraged long position on 133.94 BTC worth approximately $10.4 million. The position was opened at an average price of $78,074 per Bitcoin, w

According to Santiment, HYPE broke above $50 for the first time in eight months on a short squeeze, with traders forced to cover downside positions as the cryptocurrency surged despite negative funding rates across major exchanges. Open interest in HYPE remains elevated at over $1.92 billion,

Bitfinex’s Bitcoin leveraged long positions rose to 80,636 BTC on May 21, the highest level in nearly two and a half years. Longs have increased by about 10% year-to-date, but Bitcoin spot has fallen by about 13%, showing divergence. History suggests that Bitfinex’s whales tend to add when the market is weak and reduce near the highs, so they’re often viewed as a contrarian indicator. Two key on-chain indicators are around the $78,000 range; spot is around $76,000–$77,000; and the 200-day moving average is about $81,000.

Gate News, May 21, 2026, Gate ETF will launch 6 new 3x leveraged assets. The trading pairs to be launched include SNDK3L/USDT, SNDK3S/USDT, MU3L/USDT, MU3S/USDT, INTC3L/USDT, INTC3S/USDT, where 3L represents 3x long and 3S represents 3x short. Trading will open on May 21, 2026 at 15:00 (UTC+8), with an initial net value of 1 USDT. Gate ETF is a trading product with an automatic rebalancing mechanism that, each day, adjusts the leverage rate based on profit and loss to return to the target levera

According to BlockBeats data from Coinglass, on May 21, funding rates across major centralized and decentralized exchanges shifted significantly bearish, reflecting a market-wide move toward short positioning amid modest Bitcoin

According to ChainCatcher and Coinglass data, Hyperliquid whales currently hold $4.739 billion in positions on May 21. Long positions account for $2.318 billion (48.91%) while short positions reach $2.421 billion (51.09%), resulting in a long-to-short ratio

Bitcoin (BTC) rebounded from this week’s low, temporarily around $77,880 on May 21. The Chair of the U.S. Securities and Exchange Commission (SEC) is seeking public input on prediction-market ETFs. In its S-1 filing, SpaceX disclosed that it holds 18,712 BTC, currently worth approximately $1.45 billion. Macro Events & Crypto Hot Spots 1、Bloomberg ETF analyst Eric Balchunas wrote on X that the Chair of the U.S. Securities and Exchange Commission (SEC) is seeking public input on prediction-market

According to BlockBeats citing Coinglass data on May 21, if Bitcoin breaks $80,000, cumulative short liquidation intensity on major centralized exchanges will reach $947 million. Conversely, if Bitcoin falls below $76,000, cumulative long liquidation intensity will reach $899 million.

According to Lookonchain, Garrett Jin, the representative of the "1011 insider whale," reopened a bullish Bitcoin position today. The trader opened a long position of 504.4 BTC (worth $59.11 million) at 5x leverage on Hyperliquid with a liquidation price of $62,656.49. Jin also purchased 42,524

According to Coinglass data, if Ethereum falls below $2,028, cumulative long position liquidations across major centralized exchanges will reach $930 million. Conversely, if ETH breaks above $2,233, cumulative short position liquidations will reach $695 million.

Gate News message, a whale opened a 218,406 $HYPE short position with 10x leverage in the past 2 hours, valued at $11.16 million, with a liquidation price of $60.9. The whale also sold 64,401 $HYPE fo

According to Coinglass data cited by ChainCatcher, if Bitcoin falls below $73,385, cumulative long liquidations across major centralized exchanges could reach $1.28 billion. Conversely, if BTC breaks above $80,772, cumulative short liquidations would hit $904

According to Greeks.live, nearly 40% of Bitcoin put options traded today (May 20) concentrated on a bear call spread with strikes at $75,000 and $71,000, expiring at the end of May. The total notional value of this defensive positioning reached approximately $2 billion, reflecting market

According to Greeks.live, bearish put options accounted for nearly 40% of Bitcoin options volume today (May 20), with concentrated positioning in $75,000/$71,000 put spreads expiring late May. The aggregate notional value of these bearish spread positions reached approximately $2 billion. Traders ar

According to Onchain Lens, whale Evaded opened a 25x leveraged long position of 8,000 ETH (worth approximately $17 million) recently. The trader also currently holds 10x leveraged long positions in ZEC and HYPE, with accumulated unrealized gains exceeding $2.3 million.

Gate News, according to a Gate official announcement on May 27, 2026, Gate will upgrade and optimize the perpetual contract funding fee rate algorithm on May 27, 2026 at 16:00 (UTC+8). This optimization mainly involves two changes: updating the calculation method of the average premium index from an arithmetic average algorithm to a time-weighted average algorithm, and upgrading the funding fee rate calculation formula to support more flexible settlement cycles. Under the new algorithm, the fund

According to Hyperinsight monitoring, on May 20, a whale's hedged position on Hyperliquid achieved a net floating gain of $3.16 million as HYPE/BTC ratio hit an all-time high of 0.0₃628 amid BTC's recent decline and HYPE's surge. The whale maintained a combined long HYPE and short BTC position

According to on-chain tracking data, the Solana ecosystem's perpetual futures market achieved a historic milestone during the week of May 18, 2026, with weekly trading volume surpassing $20 billion for the first time. GMTrade, a decentralized perpetual contract platform on Solana, recorded $4.9 bil