Derivatives Data

On April 10, the Bitcoin price broke through $72k again. According to Coinglass data, the funding rates on major trading platforms show that the market’s bearish sentiment is strengthening. Funding rates are used to balance the contract price with the asset price; a rate below 0.005% indicates that the market is broadly bearish.

Key Insights Cardano trades above $0.25 as steady recovery continues, supported by improving sentiment and growing engagement across crypto discussions among market participants globally. Derivatives data show rising long positions and positive funding rates, indicating traders

Gate News message, on April 9, CoinGlass data shows that over the past 1 hour, liquidations across the entire network totaled $101 million, including $97.07 million from short liquidations and $3.54 million from long liquidations. In addition, the liquidation amount for BTC reached $80.39 million, while the liquidation amount for ETH reached $11.79 million.

The Chicago Mercantile Exchange’s Bitcoin futures market has continued to weaken. In March 2026, the daily average open interest fell to $7.2 billion, hitting a new low since February 2024, and has been declining for five straight months. The main reason is the large-scale unwinding of basis trades, which eliminated the arbitrage spread and caused leveraged capital to exit.

2026-04-09 15:30 to 2026-04-09 15:45 (UTC), the ETH price closed at 2219.86 USDT, with a range low of 2181.68 USDT. The 15-minute return was +1.31%, and the amplitude was 1.75%. During this period, market trading activity was active, attention increased significantly, and short-term volatility intensified. The main drivers of this unusual move are on-chain capital inflows and persistent buying by large whales. First, on-chain trading volume suddenly surged during the window above; the frequency of large transfers increased, indicating that institutions or major players entered quickly. At the same time, active addresses

From 2026-04-09 15:30 to 15:45 (UTC), the BTC return rate recorded +1.03%, with the price ranging from 71,291.5 to 72,226.9 USDT, and the amplitude reaching 1.31%. During the abnormal move, market attention rose rapidly, volatility noticeably intensified, and prompted investors to closely watch short-term trends. The main driver behind this abnormal move was BTC breaking through the 72,000 USDT integer level at 15:34, which directly activated some algorithmic trading and drew short-term funds in. The rapid breakout above this key price level boosted spot and derivatives trading volumes in the short term

Gate News message, on April 9, Hyperbot data shows that the HYPE long position newly opened by Big Brother A-ma JI — Huang Licheng — has been fully closed out within the past 20 minutes. Currently, he is still continuously adding to his 25x leveraged Ethereum long position; he holds 12,300 ETH, with a position value of $26.61M, and a liquidation price of $2,081.

Gate News message: On April 9, according to Arkham monitoring, the whale address “0x63c” had a crude oil short position with a position value that at one point reached as high as $30 million on Hyperliquid. Because the crude oil market funding rate is negative, the address can currently earn $388,000 per day in funding fee income, translating to an annualized funding fee income of up to $142 million. However, due to crude oil price fluctuations, the whale is currently down $2 million in unrealized losses.

Gate News said that on April 9, according to Lookonchain monitoring, a whale address opened 20x leveraged BTC and ETH short positions about 30 minutes ago. Among them, the Bitcoin short position holds 562.58 BTC, and the Ethereum short position holds 18,350 ETH; the total value of the two positions is about $80 million.

Gate News message: According to Gate’s official announcement, Gate’s stock section has launched pre-IPO SPACEX perpetual contract trading, with USDT settlement. This contract supports 1–10x long and short operations, and the leverage ratio can be selected by the user at the time of placing the order. SpaceX was founded by Elon Musk in 2002 and is the world’s largest commercial aerospace company. This contract is set up based on SpaceX’s current pre-IPO stage, and is intended to provide market-based valuation and price discovery for its stock. The valuation unit is 1 billion; for example, if SpaceX’s company valuation is 800 billion USD, then 1 SPACEX is priced at 800 USD.

The Bitcoin options market has turned, with Deribit’s $80,000 call options open interest exceeding $1.6 billion, surpassing its $60,000 put options. The Iran–U.S. ceasefire has fueled rising expectations in the market for a Federal Reserve rate cut, which could be beneficial for Bitcoin. If geopolitical tensions ease, Bitcoin is expected to challenge $100,000, but risks from the Middle East conflict still need to be monitored.

April 9 news: After TradeXYZ’s trading volume doubled yesterday, it fell back, and Hyperliquid’s overall trading volume dropped below $10 billion. Based on the current ranking of major Perp DEX trading volumes, Hyperliquid, TradeXYZ, and EdgeX occupy the top three spots.

Key Insights Solana records four consecutive days of gains as funding rates rise, signaling stronger retail interest while overall market conviction remains divided across participants. Declining futures Open interest alongside rising funding rates highlights reduced trader exposure,

CME Group plans to launch AVAX and SUI futures on May 4, enhancing its crypto derivatives with flexible contract sizes amid rising demand and increased trading volumes, while extending 24-hour trading for better market access.

In brief Hyperliquid traders faced widespread liquidations as benchmark oil prices plunged on Wednesday following a U.S.-Iran ceasefire agreement. The decentralized exchange's users lost $79.7 million worth of leveraged positions while trading Brent and WTI crude oil perpetual futures. Th

According to Gate News, after monitoring that 0x2fc “whale” suffered losses of over $2.4 million on April 9, it opened 423.4 BTC short positions with 40x leverage. The position size was about $30.2 million, with an average price of $71,113 and a liquidation price of $71,941; within less than half an hour, it was already down 11%.

From 2026-04-09 08:30 to 2026-04-09 08:45 (UTC), BTC surged quickly within the USDT 70979.6 to 71333.3 range. The 15-minute return was +0.49%, with a range (amplitude) of 0.50%. Near-term market volatility intensified, market attention increased significantly, the number of active on-chain addresses remained consistently above 120k, and daily trading volume exceeded $2.0 billion, reflecting rising user participation. The main driving force behind this abnormal move was a large-scale liquidation of short positions in the futures market, with approximately $273 million in short funds being forced to liquidate during this period

April 9, U.S. March CPI data will be released on April 11. The market expects the year-over-year rate to rise from 2.4% to 3.4%. The Bitcoin market has responded calmly, with the options market’s volatility range only at 2.5%. Attention has been drawn by the rise in gasoline prices. Analysts believe that CPI data coming in either too soft or too hot will have different impacts on the crypto market.

Gate News message; on April 9, according to official Hyperliquid data, the combined trading volume of WTI crude oil (U.S. West Texas Intermediate crude oil) and Brent crude oil (Brent crude oil) perpetual contracts surpassed Bitcoin for the first time. The data shows that Bitcoin’s trading volume was $2.29 billion, WTI crude oil’s trading volume was $1.68 billion, and Brent crude oil’s trading volume was $770 million; the combined volume of the two oils reached $2.45 billion.