Derivatives Data

February 25 News, Cardano (ADA) remains in a weak consolidation zone after experiencing several months of decline. The current price is approximately $0.275, down about 2.7% in the past 24 hours, hovering around the middle of the weekly range between $0.2581 and $0.3004. Despite a rebound of about 6.5% in the past week, it has fallen 25% over the last 30 days, with a six-month cumulative decline of up to 71%, indicating that the medium- to long-term trend remains under pressure. On-chain data platform Santiment disclosed that large whales and major addresses holding between 100,000 and 100 million ADA have accumulated approximately 819.4 million ADA over the past six months, valued at about $213 million at current prices. Notably, this accumulation coincided with ADA's decline from $0.90 to $0.26, reflecting that well-funded participants are continuing to buy at low levels rather than panic selling.

An investor opened a long position on XPL with 5x leverage on Hyperliquid. After 137 days of holding, despite a total investment of $670,000 and continuous margin additions, the price has not rebounded, and the loss has reached $3.46 million, awaiting a market reversal.

A whale opened a SILVER long position with 20x leverage before the silver price increased, at an opening price of approximately $87. The current floating return is 36%. The address previously lost $1.41 million a week ago, but today successfully predicted the rise in silver.

Renowned crypto trader Ray increased his NVDA long position with 6x leverage within 24 hours, adding approximately $2.019 million, bringing the total holdings to $16.4 million, with an unrealized profit of about $290,000. Ray previously also opened a NVDA long position at an average price of $177 and rolled over the position.

On February 25th, due to a short-term surge in BTC, a whale address experienced two large liquidations, totaling 225 BTC and approximately $14.7 million. Subsequently, the whale used the remaining funds to go long again, opening a 40x leveraged BTC long position with a position size of $11.48 million at an average price of $65,500.

ChainCatcher reports that, according to Coinglass data, if BTC drops below $62,139, the total long liquidation strength on major CEXs will reach $1.697 billion. Conversely, if BTC breaks above $68,619, the total short liquidation strength on major CEXs will reach $458 million.

ChainCatcher message shows that activity in stock-related index contracts in the crypto derivatives market has increased, leading to a significant rise in the open interest of multiple mainstream contracts. CoinGlass data indicates that holdings in the Hang Seng Index, Dow Jones, S&P 500, and Nasdaq 100 Index have surged significantly ahead of others. The Gate platform has launched innovative index perpetual contracts, offering diversified trading options and further strengthening its position in traditional financial assets.

The European Securities and Markets Authority (ESMA) issued a notice on February 25, 2026, warning that cryptocurrency derivatives sold under the names "Sustainable Futures" or "Sustainable Contracts" must comply with current CFD intervention measures if their characteristics meet the legal definition of Contracts for Difference (CFDs). These measures include leverage restrictions, mandatory risk warnings, margin close-out requirements, and negative balance protection.

Market analysis reports claim that the emergence of cash-settled futures, ETFs, and other financial derivatives has effectively transformed Bitcoin's supply cap of 21 million coins into "theoretically unlimited." However, several senior executives and researchers in the cryptocurrency industry have stated that the derivatives market will not alter Bitcoin's underlying on-chain supply structure, and the hard cap of 21 million coins remains unchanged.

Hyperliquid platform data shows that the total whale holdings amount to $2.892 billion, with long positions accounting for 48.98% and short positions for 51.02%. Currently, long positions are at a loss of approximately $164 million, while short positions are in profit by $246 million. One address used 15x leverage to fully long ETH, with an unrealized loss of about $5.1055 million.

BlockBeats News, February 25 — According to Coinglass data, over the past 4 hours, the entire network experienced liquidations totaling $106 million, including $5.39 million in long positions and $101 million in short positions.

ChainCatcher reports that, according to Coinglass data, if ETH drops below $1,756, the total liquidation strength of long positions on major CEXs will reach $951 million. Conversely, if ETH breaks above $1,938, the total liquidation strength of short positions on major CEXs will reach $647 million.

U.S. stocks closed higher across the board on Tuesday, as concerns about AI-impact companies eased. AMD's stock surged nearly 9% due to its partnership with Meta. Bitcoin briefly fell to $62,510, and overall crypto market sentiment remains pessimistic, with traders awaiting NVIDIA's earnings report.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $67,436, the total liquidation strength of long positions on major CEXs will reach $1.414 billion. Conversely, if BTC drops below $61,066, the total liquidation strength of short positions on major CEXs will reach $1.248 billion.

_Machi Big Brother liquidated after 25x ETH long collapse, with total realized losses reaching $28.95M and account balance near $24.9K._ Machi Big Brother suffered nearly $29 million in losses after high-leverage crypto trades forced a full liquidation of the account. On-chain data shows

According to Coinglass data, if Bitcoin breaks through $66,000, the cumulative short liquidation strength on mainstream CEXs will reach 1.593 billion; if it drops below $62,000, the cumulative long liquidation strength will reach 717 million. These liquidation charts illustrate the impact of price movements on liquidation strength.

ChainCatcher News, CoinAnk data shows that in the past 24 hours, the total liquidations in the cryptocurrency market across the entire network reached $311 million, including $250 million in long positions and $60.14 million in short positions. The total liquidation amount for BTC is $124 million, and for ETH it is $75.97 million.

Gate News bot message, whale address "0x4A2" deposited an additional $2 million USDC into HyperLiquid platform, further increasing its 20x leveraged long positions in ETH and SOL. According to Onchain Lens, the whale currently holds an ETH 20x long position valued at $11.14 million and continues to

Odaily Planet Daily reports that, according to Onchain Lens monitoring, a whale deposited 2 million USDC into Hyperliquid to increase its 20x leveraged ETH and SOL long positions. Currently, the whale's unrealized loss is $1 million, with total losses exceeding $8 million.