Derivatives Data

New data from Ethena indicates a significant decline in speculative demand in the cryptocurrency market. Capital deployed has dropped to its lowest in years, with net long positions weak. Long and short positions are nearly balanced, a rare market state. Basis trades have decreased over 60% since early February, reflecting investor adjustments amid increasing hedging and short selling pressures.

Between 13:30 and 13:45 (UTC) on March 10, 2026, Bitcoin (BTC) experienced a short-term sharp decline, with a return of -1.32%. The price fluctuation range was from 69,723.0 to 70,921.5 USDT, with an amplitude of 1.69%. Trading volume during this period significantly increased, with on-chain large transfers rising by 18%. Market volatility intensified, accompanied by a rapid rise in panic sentiment, reflecting investors' high concern over sudden anomalies. The main driver of this anomaly was the concentrated inflow of large on-chain transfers to exchanges, with some single transactions exceeding 1000 BTC, triggering institutional or large investor activity.

March 10, 2026, 13:30 to March 10, 2026, 13:45 (UTC), ETH price drops by 1.13% in the short term, with a range of 2024.47 to 2057.47 USDT, an amplitude of 1.61%. Market volatility significantly increased during this period, with mainstream cryptocurrencies not showing synchronized large movements. Trading activity around ETH increased, and investor attention was focused. The main drivers of this fluctuation are large on-chain wallet sell-offs and a short-term decrease in exchange liquidity. Data tracking shows that between 13:30 and 13:45, a single transfer exceeded .

The Bitcoin derivatives market has seen a significant decline in the funding rate, dropping to a 30-day percentile of 6%, the lowest since early 2023. This shift reflects a strong trend toward short positions, indicating bearish sentiment and potential market volatility.

Gate News Report, March 10 — According to Hyperbot data monitoring, Big Brother Ma Ji Huang Licheng increased his 25x leveraged Ethereum long position again three hours ago. Currently, the position has grown to 4,650 ETH, with a position value of $9,534,000, a liquidation price of $1,985, and an unrealized profit of nearly $250,000.

Traders scanning the order books got a surprise when FXS dropped a staggering 22.61% in just five minutes, plummeting from $0.812 to its current price of $0.628432. This rapid decline has caught the attention of market participants, prompting discussions about potential underlying causes and

Shiba Inu saw a price rebound to $0.00000575 after a recent sell-off, rising 5.47% and liquidating significant short positions. Market optimism is growing, with broader trends indicating potential consolidation and upcoming economic data influencing investor sentiment.

Gate News bot message, Hyperliquid oil futures trading volume has surged from $21 million to $1.2 billion since the start of the Iranian conflict. According to the data, @HyperliquidX enables 24/7 trading on its decentralized exchange platform, providing users with continuous access to hedge risks o

On March 10th, iShares Korea ETF (EWY) closed up 5.6% at $133.89. During this period, Hyperliquid's EWY contract price experienced significant fluctuations, dropping to a low of $128. Two related addresses are chasing EWY with low leverage, currently holding $3.7 million in positions with an unrealized loss of about $30,000.

According to Hyperinsight monitoring, on March 10th, the address "ponzitrador" opened a 25x leveraged XYZ100 short position on Hyperliquid, with a size of 64.72 units, valued at approximately $1,620,700. Currently, the floating profit is $258.90, with a return rate of 0.40%.

Glassnode data shows 36.8 billion XRP, nearly 60% of the circulating supply, is held at a loss, with unrealized losses reaching $50.8 billion. XRP traded near $1.34, while futures volume jumped on BitMEX and Binance as ETF outflows and weak spot activity kept pressure on price. Glassnode dat

In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $337 million, including $139 million in long positions and $198 million in short positions. Bitcoin and Ethereum experienced corresponding liquidations, affecting a total of 82,853 people worldwide, with the largest single liquidation amounting to $8.083 million.

Gate News bot message, Whale 0x985f deposited 9.5 million USDC into HyperLiquid over the past 5 hours to short oil with 20x leverage. The whale's positions include 94,512 xyz:CL valued at $8.17 million and 68,974 xyz:BRENTOIL valued at $6.15 million. Additionally, the whale shorted multiple tokens

JELLYJELLY tokens experienced an extreme divergence of 34% between the perpetual contract mark price and the on-chain spot price on March 10, suspected of price manipulation. Analysis shows a surge in open interest and a funding rate reaching -2% every 4 hours, indicating market instability and manipulation risk. Analysts warn investors that this situation could trigger significant price volatility and reflects structural risks during the integration process of decentralized and centralized exchanges.

On March 10th, the 0x58c address continued to build long positions on the S&P 500 with 20x leverage during the US stock market holiday, reaching a position size of $1 million. Additionally, this address also positioned in Russell 2000 longs and crude oil hedging portfolios, indicating a bullish outlook on the US stock and crude oil markets.

On-chain analyst Ai Yi has detected that the JELLYJELLY chain has a market capitalization of $89.95 million, which differs significantly from the $67.17 million market cap of a certain CEX contract, with a spread of 34%. The price anomaly began this morning, and at 2 PM, the price surged again while the futures price declined. The CEX JELLY contract open interest skyrocketed to $9.96 million, with a funding rate of -2%, indicating large-scale short positions.

Gate News Report, March 10 — According to Santiment data, due to war panic and uncertainty surrounding the "Clarity Act," traders are inclined to heavily short, with Bitcoin short positions significantly exceeding long positions.