Derivatives Data

Bitcoin has recently rebounded after a sharp decline, but there are no signs of capitulation selling in the market. Experts believe that another dip may be necessary. The futures market shows little change in the basis, not reaching the deep discounts typical of a bear market, indicating that market sentiment remains pessimistic and more selling pressure may be needed to bottom out.

ChainCatcher message shows that the whale holdings on the Hyperliquid platform have reached $2.774 billion, with long positions accounting for 48.73% and short positions for 51.27%. Long positions have a loss of $147 million, while short positions are profitable by $262 million. A giant whale took a full position long on ETH at a price of $2059.8, with an unrealized loss of $2.1663 million.

Hyperliquid's HIP-3 set a record of $5.2 billion in daily trading volume on February 5, with silver perpetual contracts reaching $4.09 billion. TradeXYZ led the way, with precious metal contracts accounting for 90% of the trading volume. Previously, gold broke $5,000 and silver dropped below $100, leading to a sharp decline. The platform's metal trading volume has reached 1% of COMEX, transforming into a full-asset trading layer.

ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $214 million, with long positions liquidated at $150 million and short positions at $64.2606 million. Among these, Bitcoin long liquidations totaled $54.2968 million, Bitcoin short liquidations $27.7075 million, Ethereum long liquidations $45.9926 million, and Ethereum short liquidations $13.245 million.

The decentralized derivatives protocol Hyperliquid's perpetual contract market HIP-3 set a record with a $5.2 billion trading volume on February 5, mainly supported by TradeXYZ, especially the Silver contract, which accounted for 68% of the trading volume. Metal price fluctuations attracted a large number of traders, and open interest also saw significant growth.

Bitcoin remains range-bound around $69,000, with ETF inflows of $516 million, but still not fully offsetting the $2.2 billion outflow. Deribit put/call ratio surged to 3.1 before falling back to 1.7. Silver plummeted 45%, triggering a chain liquidation effect. Bitcoin is stuck in a downtrend and needs to break above $72,000. Wednesday's non-farm payrolls are expected to increase by 70,000, with market sentiment remaining cautious.

ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,124, the total liquidation strength of long positions on major CEXs will reach $791 million. Conversely, if ETH drops below $1,924, the total liquidation strength of short positions on major CEXs will reach $731 million.

ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours reached $227 million, with long positions liquidated at $156 million and short positions at $71.47 million. Among these, Bitcoin long positions were liquidated at $57.36 million, Bitcoin short positions at $28.94 million, Ethereum long positions at $49.03 million, and Ethereum short positions at $16.90 million.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $72,308, the total liquidation strength of long positions on major CEXs will reach $1.117 billion. Conversely, if BTC drops below $65,532, the total liquidation strength of short positions on major CEXs will reach $753 million.

ChainCatcher message, according to Coinglass data, if ETH breaks through $2,103, the total short liquidation strength of mainstream CEXs will reach $679 million. Conversely, if ETH falls below $1,906, the total long liquidation strength of mainstream CEXs will reach $613 million.

ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $266 million, with long positions liquidated at $143 million and short positions at $123 million. Among these, Bitcoin long positions were liquidated at $54.5279 million, Bitcoin short positions at $50.4895 million, Ethereum long positions at $44.3051 million, and Ethereum short positions at $36.2231 million.

According to Coinglass data, if Bitcoin drops below $66,000, the liquidation strength of long positions on mainstream exchanges will reach $538 million; if it breaks through $70,000, the liquidation strength of short positions will reach $449 million. The liquidation chart shows the impact of price movements on liquidation strength.

Odaily Planet Daily reports that Coinglass data shows approximately $36.34 million in liquidations across the entire network in the past hour, including $28.37 million in short liquidations, $7.97 million in long liquidations, and additionally, BTC liquidations reached $21.22 million, while ETH liquidations totaled $8.48 million.

BlockBeats News, February 10 — According to HyperInsight monitoring, WLFI advisor ogle is currently holding a long position on 775,000 ZRO with 5x leverage, with an average entry price of $2.15. The position is currently floating at a loss of $337,000. One month ago, they also purchased 33,411 ZRO in spot.

Last week, Bitcoin experienced significant volatility, with daily drops of over 10%, nearly falling below $60,000. Although it later rebounded to $70,000, analysts believe that a true "capitulation sell-off" has not yet occurred, as the futures basis spread remains unchanged and does not indicate extreme market pessimism, suggesting that Bitcoin may still have further downside potential.

As of February 10, the Hyperliquid platform's 24-hour trading volume was $6.64 billion, leading other platforms. The trading volumes of the remaining platforms did not exceed $4 billion, and the overall open interest reached a nearly 9-month low, indicating a decline in market activity.

ChainCatcher news, according to Coinglass data, if BTC falls below $65,731, the total liquidation strength of long positions on major CEXs will reach $1.21 billion. Conversely, if BTC breaks above $72,520, the total liquidation strength of short positions on major CEXs will reach $1.082 billion.

ChainCatcher reports that, according to Coinglass data, if ETH breaks above $2,115, the total liquidation strength of long positions on major CEXs will reach $719 million. Conversely, if ETH drops below $1,917, the total liquidation strength of short positions on major CEXs will reach $499 million.

BlockBeats News, February 10 — According to HyperInsight monitoring, as Ethereum briefly dropped below $2000, "Maji" reduced some ETH long positions. Currently, they hold 3,500 ETH long positions with an unrealized loss of $180,000. The liquidation price is $1991.01.

Recently, cryptocurrencies like Bitcoin and AI stocks have experienced sharp declines, revealing the risks of narrative-driven investing and the vulnerabilities caused by high leverage. Investors should focus on fundamental analysis, avoid relying solely on story-driven investment strategies, and emphasize valuation and risk management to cope with market volatility.