Derivatives Data

Ethena (ENA) has seen an 11.55% increase in open interest and a 5.08% price rise, despite being in a wider downtrend. Although bullish signals have emerged, the recovery may be temporary. Caution is advised as traders assess profit-taking strategies.

Due to ETH's short-term increase of over 5%, the whale position at address 0xa5e4 on Hyperliquid was liquidated in a series of liquidations, with total losses exceeding $1.5 million. The liquidation scale approached $30 million. The account balance once remained at $170,000 but has now been fully withdrawn and exited.

Recently, market liquidity has been relatively thin, with BTC dropping rapidly and entering a consolidation phase, while ETH has shown weak performance. Geopolitical risks have driven up oil and precious metals, with funds shifting toward defensive assets. DEX trading volume experienced a pulse release, but overall remains below historical highs, and the market is still in a deleveraging stage. Next week, attention should be paid to several macroeconomic indicators and events such as token unlocks that could cause market volatility.

Gate News bot message, Bitcoin returned to $71,000. Trader 0x004E opened a 30x long position on 600 BTC ($42.7M) in the past 20 minutes at an entry price of $70,235.8. The trader has unrealized profit of $570K. The liquidation price is $66,942.69.

BlockBeats News, March 4th, according to Coinglass data, over the past 4 hours, the entire network experienced liquidations totaling $126 million, including $7.39 million in long positions and $119 million in short positions.

CryptoQuant report shows that Gate's trading volume increased by $3.9 trillion over the past year, a 204% year-on-year growth, ranking first in both BTC and perpetual contract markets. Its derivatives trading is rapidly expanding, making it the fastest-growing exchange in 2025, demonstrating sustained liquidity and market share advantages.

From 08:30 to 08:45 on March 4, 2026 (UTC), ETH recorded a +1.23% return within a 15-minute candlestick, with a price range of 2005.33 - 2030.77 USDT and an amplitude of 1.27%. Market attention during this period significantly increased, short-term volatility intensified, trading volume expanded accordingly, indicating a rapid rise in investor sentiment. The main driver of this movement was the concentrated inflow of institutional funds. ETH-related ETFs saw a single-day net inflow of up to $157 million, reaching a two-month high. At the same time,

Despite ongoing geopolitical uncertainties, the cryptocurrency market has demonstrated remarkable resilience, with Bitcoin breaking through $69,000 today (4) and approaching the $70,000 mark again. Market analysis indicates that this rally is less about investors' "bullish confidence" returning and more about a technical rebound driven by "short covering." Crypto market maker Enflux pointed out that the market has neither fully priced in the disaster nor placed optimistic bets on a resolution. Last weekend, shorts capitalized on news of Middle Eastern military conflicts, causing Bitcoin to drop to $63,000. However, once the market realized that the situation was not escalating into a full-scale regional war affecting global trade routes, the long-suppressed short positions were quickly hunted down, triggering a short squeeze. Enflux described in its report that the reaction speed of crypto assets to geopolitical shocks far exceeds that of traditional assets: When gunfire erupts or sanctions are imposed

ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $396 million, with long positions liquidated at $232 million and short positions at $164 million. Among these, Bitcoin long liquidations totaled $85.4862 million, Bitcoin short liquidations totaled $84.2659 million, Ethereum long liquidations totaled $45.905 million, and Ethereum short liquidations totaled $37.2827 million.

CFTC Chairman Mike Selig announced that a policy on cryptocurrency perpetual contracts will be released within a month, and he will collaborate with the SEC to promote "Project Crypto" to advance innovative exemption measures. This move aims to end regulatory uncertainty in the crypto industry, facilitate the legalization of the U.S. market, and provide clear guidance for the prediction market.

According to Coinglass data, if Bitcoin breaks through $71,000, the liquidation strength of short positions on mainstream exchanges will reach $633 million; if it drops below $67,000, the long position liquidation strength will be $1.103 billion. This shows the extent to which price fluctuations impact market liquidations.

BTC rebounded from yesterday's low to $68,640, a 3.9% increase; ETH's gain was smaller. The largest long position holder, "ETH Swing Master" address, holds $183 million, while BTC long positions have already turned profitable. ETH longs need to rise about 0.2% to break even.

BlockBeats News, March 4th, according to HyperInsight monitoring, "Brother Ma Ji" Huang Licheng's address just reduced his ETH long position. Currently, he is long 3275 ETH with 25x leverage, with an entry average price of $1981.68, and a floating profit of $33,000.

Global geopolitical uncertainties have caused significant fluctuations in the prices of gold and silver. The current price of gold is $5153.2, with notable volatility; the current price of silver is $85.42. Data shows increased activity in related contract markets, accelerating the deployment of metal trading opportunities. The Gate platform offers 24/7 metal contract trading, enhancing strategic flexibility and management efficiency.

Bitcoin rebounded after a weekend correction, approaching $70,000, mainly due to short covering and institutional capital inflows. Market sentiment remains cautious, trading volume has increased, but geopolitical risks still pose an impact. In the short term, BTC price may fluctuate within the $60,000 to $70,000 range.

Matrixport's analysis shows that Bitcoin's implied volatility has risen to 53.1%, but analysts believe this level is normal. Despite geopolitical tensions, the crypto market has been restrained, indicating limited hedging demand. Implied volatility may decline in the coming weeks, providing opportunities for traders.

Crude oil prices continue to rebound due to political uncertainty and tightening energy supplies, with both WTI and Brent crude oil posting significant gains. Market trading activity has increased, with Gate TradFi opening new dual-end trading portals, driving the integration of crypto assets with traditional financial markets.

ChainCatcher reports that, according to Coinglass data, if ETH breaks above $2,060, the total liquidation strength of mainstream CEX short positions will reach $890 million. Conversely, if ETH drops below $1,866, the total liquidation strength of mainstream CEX long positions will reach $796 million.

Odaily Planet Daily reports that the derivatives market Chicago Mercantile Exchange Group (CME Group) announced that in February, the average daily trading volume of cryptocurrency contracts reached 322,000 contracts, with a notional value of $9.3 billion, a 45% increase. Among them, micro Ethereum futures daily average contract volume increased by 22%, reaching 115,000 contracts; micro Bitcoin futures daily average contract volume increased by 31%, reaching 100,000 contracts; Ethereum futures daily average contract volume increased by 65%, reaching 24,000 contracts. (PRNewswire)

Key Insights: HYPE holds above the 0.618 Fibonacci level near $30.60, keeping the broader uptrend intact despite cooling momentum after rally. Open interest reset from $2.6 billion peak to $1.31 billion, signaling reduced leverage and potentially steadier price conditions ahead. A