Derivatives Data

Wintermute says the easing window for the situation is coming to an end. The cap on risk assets is lower than before, making it difficult for Bitcoin to stay above $700,000. If diplomatic progress goes smoothly and oil prices pull back, Bitcoin could rebound to $70,000–$74,000; if conditions deteriorate, it could fall to $60,000, or even to $50,000–$55,000. The extent of market volatility may exceed current pricing.

Gate News message: On March 31, according to Onchain Lens monitoring, a new address deposited $9.6 million in USDC into the decentralized derivatives trading platform HyperLiquid, and opened a CL Brent crude oil (U.S. light sweet crude oil futures) long position contract with 20x leverage. The value of the current position is $5.23 million.

The crypto market exhibited signs of volatility on Tuesday, with bitcoin BTC$66,223.90 spiking to $68,300 shortly after midnight UTC before tumbling back to $66,500. The initial spike was spurred by reports that U.S. President Donald Trump was willing to end the war in Iran without the Strait of

For over a year, trading Hashdex's diversified crypto ETF was like riding an amusement park without seatbelts. Investors could speculate, but if the market fell, there was little protection. That's now changed. Options on the Hashdex Nasdaq CME Crypto Index ETF (NCIQ) went live on Nasdaq on

In March 2026, the Nasdaq Crypto Index ETF (NCIQ) under Hashdex officially launched options trading, marking the shift of crypto ETFs from “one-way bets” to “structured investing.” The introduction of options allows investors to manage risk more effectively and design return strategies, offering allocation routes for institutional investors such as pension funds and family offices, driving the rapid expansion of the crypto derivatives market, and in the future, more structured products may emerge.

2026-03-31 08:30 to 08:45 (UTC), ETH’s short-term return recorded -0.66%, with the price range between 2039.73 and 2054.49 USDT, and the amplitude reaching 0.72%. During this period, market volatility intensified, with a clear increase in trading attention, reflecting investors’ rapid reaction to risk events and a rise in safe-haven sentiment. The main drivers behind this unusual move were a significant drop in the number of active addresses on-chain (down about 14.49% from the previous day to 490,239), which weakened network liquidity and reduced the market’s ability to absorb demand. Meanwhile, trading volumes also declined, indicating a cautious market sentiment and a wait-and-see attitude among investors.

2026-03-31 08:30 to 08:45 (UTC), BTC’s return over 15 minutes fell by 0.71%, with the price fluctuating in the 66,820.0 to 67,318.9 USDT range, an amplitude of 0.74%. During this period, market sentiment was cautious; volatility increased, with significant trading volume on major exchanges and rising market attention. The primary drivers of this anomalous move were sustained outflows of large-scale ETF funds and a drop in liquidity caused by institutional investors reducing positions. In March 2026, the total ETF outflow exceeded $3 billion, and combined with this, large holders’ position share fell to 9 percent.

Key Insights Solana dropped over 13% in a week as institutional outflows and derivatives liquidations combined, weakening sentiment and driving sustained downward pressure across markets. Exchange-traded products tied to Solana reversed inflows, recording $4.24 million in withdrawals and sig

XRP has been steadily falling within a descending channel since July 2025, dropping about 1.94% in March. Technical indicators show bearish signals, and it may face a larger pullback. Positioning data and the derivatives market also suggest the market is under pressure. Key support is at $1.29; a break below it could point to lower price levels. The current trend depends on improvements in support and capital structure.

Ripple Prime announced that it will integrate Hyperliquid into HIP-3 trading pairs, offering on-chain perpetual contract trading for assets such as gold, silver, and crude oil. This integration allows institutional clients to trade around the clock without switching platforms under a unified margin framework, reducing capital friction while also improving trading liquidity and compliance. This change strengthens Hyperliquid’s position as a diversified exchange.

Gate News, March 31, according to monitoring by Onchain Lens, a whale has reopened a long position of 109,646 CL, worth approximately $11.25 million, with a leverage multiple of 1x. The whale previously went long CL twice and profited $1.75 million.

The Dubai Virtual Assets Regulatory Authority (VARA) released version 2.1 of the “VARA Exchange Services Rules Manual,” introducing a regulatory framework for exchange-traded derivatives of cryptocurrencies, mainly aimed at licensed virtual asset service providers. The framework’s core requirements include customer assessment, leverage controls (limited to 5x), asset segregation, clear disclosure of risks, and regulatory intervention powers, with the goal of protecting retail investors’ safety and raising market governance standards.

Bitcoin longs on Bitfinex have surged to 79,343, the highest since November 2023, raising concerns about potential market pullbacks. Such crowded positions can indicate vulnerability amidst macro uncertainties, as bullish sentiment may shift quickly to stress.

Gate News message: On March 31, according to on-chain analyst The Data Nerd, about an hour ago, the trader pension_usdt_eth opened a BTC short position of about $11 million on the decentralized derivatives exchange HyperLiquid using 3x leverage.

Onchain Lens detected a new wallet depositing $4.89 million into HyperLiquid to open an ETH short position with 20x leverage. Current holdings are 9,887 ETH; if the ETH price rebounds to the liquidation price, it would face an approximately $4.45 million loss.

A certain CEX released trading data from March 1 to March 27, 2026: stock notional trading volume of $196 billion, 187 million options contracts, $16 billion in cryptocurrencies, and more. Complete data will be included in the Q1 2026 earnings report.

2026-03-30 23:00 to 2026-03-30 23:15 (UTC), ETH’s return rate over 15 minutes was -0.59%. The price range was between 2013.89 and 2033.15 USDT, with a swing of 0.95%. During this period, market volatility was significant, attention increased, and it reflected the market’s high sensitivity to short-term abnormal moves. The primary driver behind this abnormal movement is a whale address transferring a large amount of ETH to a certain exchange platform. Specifically, address 0xb5Ab transferred 50,000 ETH for the first time in 9 years, and the market widely interpreted it as a substantial increase in potential sell pressure.

Key Insights XRP trades within a tightening triangle, with resistance at $1.40 and support near $1.30 shaping a decisive breakout setup expected in early April. Rising derivatives volume and open interest indicate fresh positioning, while liquidation data highlights repeated failed breakout

2026-03-30 17:15 to 17:30 (UTC), within 15 minutes ETH’s return recorded -0.92%, the price range was 2032.21 to 2060.58 USDT, the amplitude was 1.38%, and short-term market volatility intensified, drawing widespread attention. Data from the funding side shows that during this period the market’s overall trading volume remained at a high level, with large on-chain capital flows leaving, and short-term selling pressure being concentrated and released. The main driving force behind this unusual move comes from institutions actively reducing their holdings and a warming of macro risk-avoidance sentiment. During the reporting period, some large institutions began to adjust their portfolio structure, cutting ETH holdings significantly.

Key Insights: Ondo gains strength as the Franklin Templeton partnership pushes tokenized ETFs on-chain, lifting total value locked and expanding institutional access significantly. Futures open interest rises sharply while funding rates remain positive, showing increased trader