Derivatives Data

In the first quarter of 2026, total cryptocurrency market trading volume reached $2.057 trillion, with derivatives dominating trading volume at approximately $1.863 trillion; spot trading volume was about $205.7k. Competition among the top five exchanges was fragmented. The decentralized platform Hyperliquid emerged as the standout, with quarterly derivatives trading volume of approximately $492.7 billion.

On April 3, the crypto market continued to trade in choppy conditions. Bitcoin was consolidating around $67,000, maintaining its broader downward trend that began last October. The futures market saw thin trading, with Solana futures open interest hitting a new high, and the volatility index falling to its lowest level since February. Market structure indicates that short positions are increasing.

The crypto market continued to exhibit signs of choppiness on Friday, with bitcoin BTC$66,729.05 trading at $67,000 in the middle of a trading range that spans back to early February. A selection of altcoins picked up during the lower liquidity Asia hours, prompting the likes of ALGO and RENDER to

According to Coinglass data, if Bitcoin falls below $65k, long positions on major CEXs will be liquidated to the tune of $65k; if it breaks above $68k, short positions will be liquidated to the tune of $754 million. The liquidation chart reflects the strength of the market reaction when price touches a certain level.

In recent weeks, the Bitcoin derivatives market has been dominated by shorts. The positioning index has continued to fall, and the price has dropped from $73,925 to $66,603. Long positions are facing strong liquidation pressure; the market lacks reversal support, and there is downside risk.

Before Bitcoin and Ethereum options expire, the market saw a large “whale” move: first going long, then switching to buy put options, signaling caution about the price. With Bitcoin currently around $66,575, the key range is between $66k and $68k, and the market expects future price volatility to increase. This move reflects professional capital reassessing the near-term outlook.

Key Insights: BNB extended its three-week decline below $591 as geopolitical tensions reduced risk appetite and pushed investors toward safer assets globally. Derivatives data showed a long-to-short ratio near monthly lows, reflecting growing bearish sentiment and expectations of further

On April 3, the XPL token price saw extreme volatility within a short period, seemingly due to manual manipulation. Five addresses opened high-leverage long positions on Hyperliquid at the same time, and ultimately, after realizing profits of about $1.602 million, they quickly closed their positions. Afterwards, the price plunged, and the accumulated losses of the short positions liquidated by forced selling exceeded $32.99 million. The market showed an overbought warning, and there may be a risk of a pullback in the future.

Gate News update: On April 3, according to CoinAnk data, over the past 24 hours, liquidations across the entire market totaled $248 million, including approximately $125 million liquidated from long positions and approximately $123 million liquidated from short positions. By coin, Bitcoin liquidations were about $48.13 million, and Ethereum liquidations were about $28.34 million.

On April 3, Greeks.live data showed that BTC and ETH options expiration conditions were weak. BTC options market share was above 80%, and rebuilding market confidence will require time and funding support.

Gate News message: On April 3, according to monitoring by The Data Nerd, the swing-trading whale pension-usdt.eth yesterday (April 2) increased its ETH short position by $41 million using 3x leverage. It currently holds a total ETH and BTC short position of about $107.5 million.

A whale address known for chasing high to go long and chasing lows to go short recently faced a series of liquidations on April 3. The cumulative liquidation amount reached $23.85 million, with 37 liquidations in total over the week, for an overall scale of $116 million. After the liquidations, the address quickly injected new capital and rebuilt high-leverage positions, showing a cyclical operating pattern of “liquidation—top-up—then liquidation again.” If the market continues to move downward, it will face further liquidation risk.

Decentralized exchange Hyperliquid’s market share rose from 3.5% to nearly 6% within a year, showing that it grew against the trend in a shrinking market and captured real trading activity. The platform not only focuses on crypto assets, but has also expanded to around-the-clock trading in non-crypto commodities such as oil, offering advantages over the structural shortcomings of traditional exchanges and attracting institutional traders who need precise risk management.

Key Insights Shiba Inu’s hourly golden cross signals short-term strength, yet weak trading volume and rising exchange inflows highlight limited conviction among market participants. Exchange inflows surged sharply within hours, suggesting increased profit-taking activity and adding pressure o

President Donald Trump's renewed aggressive posturing toward Iran has pushed bitcoin lower by roughly 2% over the past 24 hours to $67,000. While this price action is consistent with routine volatility, beneath the surface, market structure looks fragile. This is mainly due to flows in the

Key Insights: ADA breakout above key EMAs and Supertrend support signals renewed bullish momentum, supported by rising derivatives activity and increased market participation levels. Institutional demand for privacy, compliance, and execution certainty drives interest in Midnight,

Several crypto assets declined on Friday after Donald Trump’s speech triggered panic across global markets. Defying expectations for restraint, Trump outlined plans for potential military action against Iran over

_Bitcoin grinds in a tight range as whale delta stays deeply negative and open interest fails to expand with price, signaling trouble for bulls eyeing $70K._ Bitcoin is still stuck. Price pushed toward $69K Thursday and got sold immediately. Again. That pattern has played out multiple times

In the past 24 hours, the total liquidation value in the cryptocurrency market reached $459 million, of which long positions accounted for 59%. The liquidation amounts for BTC and ETH were $98.02 million and $102 million, respectively. A total of 185,796 people were liquidated, and the largest single liquidation was $17.28 million.