Derivatives Data

Key Insights: PEPE price stabilizes near strong support despite sustained negative funding rates, highlighting a clear divergence between trader sentiment and actual market behavior. Declining open interest and reduced liquidation activity indicate leverage reset, suggesting the market has c

Key Insights Cardano trades above $0.25 as steady recovery continues, supported by improving sentiment and growing engagement across crypto discussions among market participants globally. Derivatives data show rising long positions and positive funding rates, indicating traders

Contract whales share their trading strategy: when there is no extreme news, it’s recommended to open a short position when the overall market is up 5%–10%, and to open a long position when it falls. Today, the trader successfully closed the position, making profits of $12.12 million and $728k. Remind users to trade cautiously.

2026-04-08 14:30 to 2026-04-08 14:45（UTC）, BTC spot return recorded -0.52%, with a price range of 70922.5 to 71512.2 USDT and a swing of 0.83%. During the event, market liquidity faced pressure; short-term volatility drew market attention, showing dynamic shifts between the funds side and the positions side. The main driver behind this abnormal move is the increase in exchange capital inflows and the whale’s large transfers being sold off. On-chain data shows that within 10 minutes, about 6.5 BTC were transferred into exchanges, with a clear increase, reflecting that some of the capital is accelerating the rotation between the fund side and the positions side.

From 2026-04-08 13:00 to 13:15 (UTC), the BTC price recorded a +0.78% return. The price fluctuated between 72067.5 and 72789.2 USDT, with a range amplitude of 1.00%. During this period, market volatility exceeded the usual levels of the same timeframe, trading activity rose noticeably, and overall market attention increased. The main driving force behind this unusual move was the concentrated inflow of leveraged funds into the futures market. Within the event window, BTC futures open interest (OI) increased by 8.09% in a single day. Spot and derivatives market trading volume rose 12% month-over-month compared with the previous hour, indicating

Gate News message: According to Gate official announcements, Gate has launched UPUSDT perpetual futures for live trading, using USDT settlement. It supports 1–20x leverage for both long and short positions, and users can choose the leverage ratio themselves when placing an order. UP perpetual futures are now open for trading. Users can access the trading link and view the contract details through the relevant pages on the platform.

On April 8, Hyperbot data showed that as the price of Brent crude oil fell below $90 per barrel, multiple leveraged trading positions held by Rune, the founder of Sky (formerly MakerDAO), suffered losses across the board; their total value dropped to approximately $3.952 million, with an unrealized loss of more than $610,000.

The crypto market enjoyed a much-needed boost on Tuesday evening after U.S. president Donald Trump announced a two-week ceasefire in Iran. Bitcoin BTC$71,640.51 spiked to around $72,700 after settling in the $71,800 region, ether (ETH), meanwhile, is changing hands at $2,250 after posting a 6%

Gate News message. On April 8, on-chain monitoring shows that whale users started 3x BTC short positions after “locking in 10 big targets,” with a position value of $1.76M.

A trader made about $5 million in a short period before the U.S.-Iran ceasefire agreement by rapidly profiting through simultaneously building leveraged positions in both the oil market and the crypto market. This operation highlights the high-risk, high-reward nature of leveraged trading, reflects how geopolitics can impact markets, and reminds investors to maintain strong risk-management awareness.

Gate News update. On April 8, according to data from analyst Darkfost, after news of a two-week ceasefire agreement between the United States and Iran was confirmed, within 2 hours Bitcoin saw $2.7 billion in aggressive buy volume (taker orders) in a certain CEX derivatives market. After geopolitical developments eased, the Bitcoin price rose to about $71,700.

A trader named Loracle profited $2 million by shorting $5 million in crude oil futures on Hyperliquid after the U.S.-Iran ceasefire caused oil prices to plummet. This incident highlights how decentralized platforms like Hyperliquid enable crypto traders to capitalize on traditional markets.

A cryptocurrency trader, Loracle, profited by about $2 million by shorting WTI crude oil perpetual futures during a sharp pullback in oil prices, and currently has more than $8 million in on-chain assets. This case shows how participants in the crypto market are extending on-chain derivatives strategies to trading in traditional assets. Trading activity on the Hyperliquid platform has been rising, reflecting a convergence trend between commodities and the crypto market.

After the U.S. and Iran reached a ceasefire agreement, Bitcoin quickly rebounded to $72,000, indicating how sensitive the market is to macro events. However, derivatives market data shows that this rally was mainly driven by easing hedging sentiment rather than new inflows, and that implied volatility in the options market has fallen, suggesting that near-term risks are being released. The next few days will be critical: a large amount of Bitcoin and Ethereum options are expected to expire, which could influence the direction of the market.

Gate News updates—On April 8, according to monitoring by @mlmabc, on the Hyperliquid platform, assets in the combined oil (Combined oil) category have today’s trading volume exceed that of all other perpetual contract products on the platform, including BTC.

Gate News message. On April 8, according to monitoring by Hyperinsight, a whale starting with 0xec4, after taking profit on long positions, opened a BTC short position within the past 1 hour using 40x leverage. The average price was $71,638, with a size of 200 BTC, approximately $14.3 million. The liquidation price was $76,013.

In recent times, the Ethereum price has shown resilience. Its current trading price is around $2,237, and market analysis suggests it could enter a critical turning point. The derivatives market is active, with buying pressure leading; net trading volume has remained positive, which has caused institutional demand to pick back up. On the technical side, $2,000 is a key support level, and if it breaks above $2,400, it could move higher.

After the U.S.-Iran ceasefire agreement was reached for two weeks, global crude oil prices pulled back sharply. On the TradeXYZ platform, the traded volume of crude oil reached $3.65 billion, marking the first time it surpassed Bitcoin. As the market concentrated on closing positions, the open interest also declined. Both Brent crude and WTI were significantly above their pre-conflict levels, but the full recovery of the energy market may take several years.

Iran and the U.S. reach a two-week temporary ceasefire deal, with conditions requiring Iran to reopen the Strait of Hormuz. Bitcoin breaks through $72,000; liquidations of short positions in the derivatives market exceed $400 million, and positioning structures face a reset.

Gate News message: On April 8, Hyperbot data shows that Huang Licheng (Maji Big Brother) has once again opened a 10x leverage HYPE long position. His current position holds 28,888 HYPE. In addition, he has continued to make small, incremental adds to his 25x leverage Ethereum long position; his current position holds 10,925 ETH, with a liquidation price of $2066. With the crypto market rebounding, Huang Licheng’s overall position has turned from a loss to a profit, with the position value reaching approximately $25.651 million, and his unrealized gain is currently about $1.1 million.