Derivatives Data

Gate News reported that on March 23, Hyperbot data showed that renowned cryptocurrency investor MaJi Da Ge was liquidated again, with his account balance currently at only $30,268. According to statistics, the address has experienced a total of 335 liquidations.

Recently, the metal market has experienced a pullback, with international gold reaching a high of $4,534.8 and currently trading at $4,145.4; international silver peaked at $69.66 and is now trading at $61.31. Trading volume on Gate platform's metal contracts has grown significantly, with XAUT and XAG transaction volumes reaching $100 million and $130 million respectively, showing substantial month-over-month increases.

NYSE Arca and NYSE American, subsidiaries of the New York Stock Exchange, submitted rule change applications to the U.S. SEC to remove position and exercise limits on Bitcoin and Ethereum spot ETFs, marking that all major options exchanges have completed this adjustment. The new rules allow cryptocurrency ETFs to be used in customized options trading, enabling institutional investors to execute more flexible hedging strategies with profound implications for market liquidity.

Gate News reported that on March 23, according to Lookonchain monitoring, the on-chain address (0x9657...165c) opened a long position with 40x leverage on 280.2 BTC valued at $19.07 million. The position was partially liquidated in less than 1 hour. Currently, the address holds 224.16 BTC valued at $15.18 million, with a new liquidation price of $67,587.12.

2026-03-23 06:30 to 2026-03-23 06:45 (UTC), BTC's 15-minute return was -1.09%, with a price range of 67711.9 to 68569.1 USDT and volatility of 1.25%. During this period, market fluctuations were significant, short-term trading activity increased, and investor attention rose. The candlestick data intuitively displayed the short-term pullback caused by intense battles between bulls and bears. The main driving force behind this volatility was a sharp increase in exchange inflows, with the monthly average capital clearly higher than the yearly average, indicating that large amounts of BTC were frequently transferred into mainstream exchanges for short-term trading.

Gate News reported that on March 23, according to CoinAnk data, the entire network experienced $250 million in liquidations over the past 24 hours, of which long positions accounted for approximately $194 million in liquidations and short positions accounted for approximately $55.92 million in liquidations. By cryptocurrency, Bitcoin liquidations were approximately $77.92 million and Ethereum liquidations were approximately $49.09 million.

Gate News reported that on March 23, according to Coinglass data, if BTC breaks through $71,421, the cumulative short liquidation strength across mainstream CEXs will reach $1.27 billion. Conversely, if BTC falls below $64,705, the cumulative long liquidation strength across mainstream CEXs will reach $758 million.

XRP open interest declined approximately 75%, indicating that leveraged traders are exiting the market, but stablecoin fragmentation may increase bridge demand for XRP. Evernorth Holdings' IPO application demonstrates that institutions still view XRP's long-term value positively. The overall market faces macroeconomic pressure, with weak short-term momentum structure.

XRP has continued to underperform since the start of the year, failing to attract market capital, with current trading prices below major moving averages. SOPR and NUPL indicators show bottom signals, but these are only probabilistic characteristics. $1.51 serves as a near-term bullish-bearish dividing line, with breakouts potentially triggering a bullish rebound. The market maintains a cautious stance on XRP's short-term strong rebound, with the probability of returning to $2 at only 5%.

Between 2026-03-23 02:15 and 02:30 (UTC), ETH price rallied rapidly within the 2047.53 to 2070.28 USDT range, with 15-minute returns reaching +0.91% and volatility of 1.11%. Market fluctuations intensified during this time window, with increased attention, synchronized expansion in spot and derivatives trading volumes, and evident short-term long/short positioning battles. The primary driver of this price movement was recent on-chain large-scale stablecoin (USDC/USDT) minting events boosting liquidity, particularly approximately $1.6 billion in capital inflows on-chain around March 16, supporting mainstream

Between 2026-03-23 02:15 and 2026-03-23 02:30 (UTC), BTC yield recorded +0.61%, with prices fluctuating between 67807.1 and 68304.9 USDT, representing a volatility of 0.73%. During this short-term volatility period, market trading activity was robust, with enhanced linkage between spot and futures markets, and sustained volume increase in core trading zones, attracting market attention. The primary driver of this volatility was significant capital inflow from on-chain whale wallets to exchanges during the window period, with approximately 17,184 BTC flowing in within a short timeframe, marking a new monthly high. M

10x Research analysis points out that Bitcoin has broken below $69,000, marking a shift in market structure. Traders have significantly adjusted positions, with increased futures liquidations and negative funding rates. Options capital flows are moving toward downside protection, signaling hedging demand against downside risks. Meanwhile, market expectations regarding rate increases are diverging from the Federal Reserve's rate-cutting guidance, which could impact risk asset performance.

Hyperliquid's HIP-3 board has achieved billion in trading volume over the past 7 days, primarily driven by WTI crude oil contracts, demonstrating strong market activity. Powered by the US-Iran conflict, the platform's 24/7 trading functionality has made it an important source for price discovery, replacing traditional exchanges. As Hyperliquid adapts to CFTC regulations, it aims to maintain financial neutrality, but how to balance compliance requirements with the advantages of decentralized trading remains a challenge.

Bitcoin has continued to decline to around $67,950, with MicroStrategy founder Michael Saylor reiterating a buy-the-dip strategy. Huang Licheng's highly leveraged ETH position was completely liquidated, with losses exceeding $30.35 million. Fidelity has called on the US SEC to improve its regulatory framework for crypto assets. US stocks have broadly declined, and market sentiment remains cautious.

Gate News message shows that on March 23rd, Onchain Lens monitoring detected that Sky co-founder Rune opened a new 20x leverage long position in $GOLD (gold) during a price decline period at $GOLD . At the same time, Rune is closing out a previously held $SP500 position.

Gate News Report: On March 23, according to Onchain Lens monitoring, Machi Big Brother (@machibigbrother)'s ETH 25x leverage long position was completely liquidated again. Shortly after the liquidation, he opened a new ETH 25x leverage long position. Currently, the wallet balance at this address has only 32,000 USD remaining, with cumulative losses exceeding 30.35 million USD.

During the period from 2026-03-22 22:15 to 22:30 (UTC), BTC experienced significant volatility within a short-term range, with the 15-minute candlestick recording a +0.49% gain and closing at 68371.1 USDT. The low touched 67861.4 USDT, with an overall amplitude of 0.75%. Short-term market activity was active, market attention increased, trading volume expanded noticeably compared to the previous period, and active capital flows drove this wave of volatility. The main driver of this volatility was continuous inflows into US spot ETFs, as well as BTC net outflows at the exchange level. Specifically, according on-chain data shows,

2026-03-22 21:00 to 21:15 (UTC), BTC recorded a -0.58% return within just 15 minutes, with prices fluctuating in the range of 67562.1 to 68223.5 USDT, with an amplitude of 0.97%. During this period, market sentiment was highly tense, overall attention increased, and short-term volatility accelerated noticeably. The main driving force behind this anomaly was the resonance formed by spot market liquidity shortage and medium-sized funds accelerating their exit. On-chain data shows a significant net outflow of -371.99 BTC in the $100k-$1M transaction range, driving selling

Bitcoin's volatility has decreased to around $70,000, but traders are still heavily investing in downside protection. Although premiums for puts have dropped, they remain high historically, suggesting caution among investors. This defensiveness may signal an impending price bottom, as similar market conditions in the past have led to recoveries.