Derivatives Data

HYPE price rebounded to $42 on March 18, reaching a new high in nearly 4 months. The largest bullish whale's unrealized gains expanded to $4.7 million, with withdrawals of approximately $4.4 million. The whale's position reached $58.1 million with a floating return rate of 41%, liquidation price rose to $30.15, funding fee losses have reached $1.66 million, position remains unclosed, and the holding period has neared five months.

On March 18, Bitcoin consolidated at higher levels, and HYPE surged above $42. Trader "Maji" reduced HYPE long positions and increased BTC long positions, with total holdings reaching $33.61 million, profiting $2.4 million over the past week. Positions include ETH, BTC, and HYPE.

Hyperliquid's HIP-3 market reached a new high in open interest at $1.43 billion, driven primarily by the trade.xyz platform, with non-crypto assets dominating its trading pairs. HIP-3 offers 24/7 trading advantages that break through traditional market constraints, attracting a broad investor base. The HYPE token has performed exceptionally well, providing support for the ecosystem's growth, with HIP-4 set to further expand the market in the future.

Gate News, on March 18, according to Onchain Lens monitoring, a newly created wallet deposited 2 million USDC into HyperLiquid and opened a 10x leverage HYPE long position. Currently, the wallet's position size is 150,000 HYPE (valued at $6 million), with an entry price of $40.9 and a liquidation price of $29.04.

Gate News bot message, a newly created wallet deposited $2 million USDC into HyperLiquid and opened a HYPE long position with 10x leverage. The position details are: Amount of 150,000 HYPE tokens, total value of $6 million, entry price at $40.9, and liquidation price at $29.04.

CryptoQuant report shows bullish signals in the Bitcoin futures market, but if the price continues to rise, it will encounter resistance near $75,000 and $85,000. Meanwhile, the inflow of Bitcoin into centralized exchanges is accelerating, which may signal potential selling pressure, creating a contradiction with the bullish sentiment in the futures market.

Before the Federal Reserve's imminent interest rate decision announcement, CryptoQuant analysis shows that derivatives market sentiment has turned bullish, with Bitcoin price potentially facing resistance between 75,000 and 85,000. Long positions have increased, funding rates have turned positive, but further upside should remain cautious of resistance levels.

Hyperliquid's HIP-3 market total open interest has reached $1.43 billion, setting a new record high and increasing over 100 times since its launch. The trading platform trade.xyz leads the market, accounting for about 90% of open interest and daily trading volume. The HIP-3 market supports 24/7 trading, enabling traditional assets to break through trading time limitations.

Key Insights XRP trades near $1.40 inside a tightening triangle while the 200-day EMA caps upside pressure as traders wait for a decisive breakout. Options volume surged more than 90% as traders hedge positions ahead of a potential breakout from the compressed structure. XRP Ledger

Gate News report: On March 17, liquidations occurred across the network's contract market over the past 24 hours, with a total amount reaching $341 million, with short position liquidations accounting for the majority.

On March 17, data from Gate showed that the prices of gold and silver increased slightly, while the volatility index of the cryptocurrency market remained largely unchanged. In the foreign exchange market, the US dollar slightly depreciated against the Chinese yuan and the Japanese yen. Global stock indices generally rose, and crude oil prices also increased. The Gate platform supports users in conveniently trading multiple asset classes, enabling the integration of crypto assets with traditional financial assets.

On March 17, a short-term interest rate options trade betting on the Federal Reserve maintaining higher rates for an extended period closed for a profit of approximately $10 million, exiting ahead of the Federal Reserve's policy meeting. The core thesis of the trade predicted that U.S. interest rates in 2028 would be higher than market expectations. Driven by inflation concerns, the market has downward-revised its expectations for rate cuts.

The crypto market has seen slight gains, with a total capitalization of $2.52T and a 56.66% increase in trading volume. Bitcoin dipped slightly, while Ethereum rose. Notable gainers include HARRIS DOGS and PEPE. DeFi and NFT sectors also showed growth, alongside significant industry developments.

On March 17th, DefiLlama data showed that decentralized perpetual futures trading platform trading volume rebounded, with Hyperliquid open interest up 27.8% since the beginning of this month. Both trading volume and open interest on major Perp DEXs increased.

On March 17, affected by spot gold price breaking below $5,000 per ounce, the GOLD contract price on a certain decentralized derivatives platform declined, with the largest short address achieving unrealized gains of $620,000. Another address simultaneously opened short positions in both GOLD and SILVER contracts, with cumulative position size of $6.3 million, both of which have recorded unrealized gains.

On March 17th, Lookonchain detected that Abraxas Capital opened 146,601 crude oil short positions on the decentralized derivatives platform Hyperliquid, using 10x leverage with a notional value of approximately $13.98 million. The associated wallet has historical profits of $165.94 million.

On March 17, London Metal Exchange copper inventories surged to 18,775 tons, hitting the highest level since 2019, putting pressure on copper prices with a short-term decline exceeding 1.4%. On-chain longs faced floating losses, with the largest long position's losses expanding to 41%.

Gate News reports that on March 17, an address starting with 0xa95 opened a BTC long position with 40x leverage within the past hour, increasing the position to a total of $4.1 million, with an average entry price of $74,398, and a liquidation price of $73,463. Currently, this position has an unrealized loss of approximately $13,000, representing a 13% loss. Additionally, within the past 10 minutes, the address placed a market stop-loss order close to the liquidation price, with the stop-loss set at $73,468.