Derivatives Data

Bitcoin breaks through $78,000, while Ethereum climbs above $2,390. This article reviews the V-shaped reversal trend from April 13 to 22, analyzing the evolution of liquidation data and the Fear and Greed Index.

Trader Loracle boosts HYPE shorts to $19.7M (5x) at $40, rolling ~$300k/hr and becoming Hyperliquid's second-largest short, after previously riding $20 longs. Abstract: Trader Loracle has increased bearish exposure on HYPE, elevating short positions to $19.7 million with 5x leverage at $40 per token, and rolling the position at about $300,000 per hour to become Hyperliquid’s second-largest short. The move follows prior long exposure around $20, indicating a strategic shift from bullish to bearish sentiment.

Hyperliquid whales hold $3.528B with a 1.04 long/short ratio; longs $1.795B (+$12.37M), shorts $1.733B (−$31.54M). Notable address 0x0ddf..02 opened a 3x BTC short at $67,992 with $9.86M unrealized loss.

SHIB trading activity rises, but price stays trapped in a tight consolidation range. Whale accumulation increases while some long-term holders, including Aoki, exit positions. Strong derivatives volume and inflows fail

SHIB trading activity rises, but price stays trapped in a tight consolidation range. Whale accumulation increases while some long-term holders, including Aoki, exit positions. Strong derivatives volume and inflows fail

Hyperinsight notes a BTC short whale was liquidated twice near $78k, losing 40 BTC (~$3.11M)—its eighth weekly liquidation—then re-entered a 40x short with $30k, now $310k notional, with liquidation at $79,085.

Bitcoin perpetual open interest rose 5.79% to $59.615B across major exchanges; Gate accounted for $5.178B of the total, while three major CEXs held $10.316B, $3.533B and $4.709B.

Gate News message, April 22 — A major Bitcoin whale, identified by address 0xa3d843b6a057504284006bef6f34a2e9bc80fb6b, opened a 10x leveraged long position early this morning, according to Hyperinsight monitoring. The position is currently worth $27.4 million at an average entry price of $76,272,

Gate News message, April 22 — Bitcoin surged above $78,000 this morning following Trump's extension of a temporary ceasefire between the US and Iran. The ceasefire, mediated by Pakistan, was extended just before the original two-week agreement was set to expire. As BTC approaches $80,000, Jack Yi,

HYPE trades around $40 after a rally, down 3% in 24h. Whale 0xec8 opened a 5x short at $40.04 (~$3.38M) with liquidation at $46.6. Whale 0x4a8 at $39.64 is in loss; liquidation around $41.6 if price rises. Abstract: This brief notes HYPE's near-$40 price after a prior rally and a 3% 24-hour drop, with two large traders: whale 0xec8 holding a 5x short with about $3.38 million exposure and a $46.6 liquidation, and whale 0x4a8 in losses with a looming liquidation near $41.6 if price climbs.

Summary: Coinglass data show ETH under $2,246 could trigger $1.32B in long liquidations across major centralized exchanges, while ETH above $2,473 could trigger $531M in short liquidations. Abstract: Coinglass data indicate price thresholds for ETH that could trigger large liquidations: sub-2,246 may drive 1.32B long liquidations on major exchanges, while above 2,473 may drive 531M short liquidations.

Gate News: If Bitcoin dips below $73,721, long liquidations on major CEXs could total $1.676B; if BTC climbs above $80,768, short liquidations could reach $883M. Abstract: This brief notes potential liquidations on major CEXs triggered by BTC price moves: $1.676B in longs below $73,721 and $883M in shorts above $80,768.

Crypto markets saw $420 million in liquidations over the past 24 hours, with short positions totaling $285 million and longs $135 million.

Gate News message, April 22 — Hyperliquid announced the launch of USDAI (CHIP) perpetual contract trading, offering up to 3x leverage.

A whale address opened a BTC short in early April; it now holds $77.14M in BTC shorts and $47.15M in ETH shorts, the largest short on Hyperliquid, with unrealized BTC losses around $9M and total losses over $13M, positions still open.

Bitcoin (BTC) sees a short-term rebound, temporarily trading at around $76,230 as of April 22. A bipartisan PACE bill in the U.S. would seek to allow the Federal Reserve’s payment system to be connected, with support from the crypto industry. According to The Information, Kalshi is considering launching sustainable futures to expand its cryptocurrency business.

Gate News message, April 22 — Blockchain.com has launched perpetual futures trading functionality in its self-custodial DeFi wallet, enabling users to open leveraged positions using self-hosted Bitcoin as collateral without transferring funds to an exchange. The feature routes through Hyperliquid, a

Polymarket announced on April 21 that it will launch sustainable contracts. The first batch of underlying assets will be Bitcoin, NVDA, and gold, with up to 10x leverage and 24/7 trading. It is now open to an early-user whitelist. After completing the CFTC DCM registration, it is able to offer long-position futures and perpetual contracts in the United States, with no expiration date. Around the same time, Kalshi announced a competing product, and market rumors suggest that the new round’s financing valuation is too high. Details such as fees, margin, and liquidation are pending publication ahead of the official launch.

Gate News message, April 22 — According to Coinglass data, if Bitcoin breaks above $79,959, cumulative short liquidations across major centralized exchanges would reach $1.573 billion. Conversely, if BTC falls below $72,483, cumulative long liquidations across major CEX would reach $1.248 billion.

Ethereum: a break above $2,429 could trigger up to $1.18B in short liquidations on major CEXs; a drop below $2,209 could trigger up to $1.01B in long liquidations. Abstract: This brief market note analyzes potential Ethereum liquidation scenarios on major centralized exchanges tied to key price thresholds. A move above $2,429 may unleash up to $1.18 billion in short liquidations, while a fall below $2,209 could unleash up to $1.01 billion in long liquidations.