Derivatives Data

After the U.S. and Iran reached a ceasefire agreement, Bitcoin quickly rebounded to $72,000, indicating how sensitive the market is to macro events. However, derivatives market data shows that this rally was mainly driven by easing hedging sentiment rather than new inflows, and that implied volatility in the options market has fallen, suggesting that near-term risks are being released. The next few days will be critical: a large amount of Bitcoin and Ethereum options are expected to expire, which could influence the direction of the market.

Gate News updates—On April 8, according to monitoring by @mlmabc, on the Hyperliquid platform, assets in the combined oil (Combined oil) category have today’s trading volume exceed that of all other perpetual contract products on the platform, including BTC.

Gate News message. On April 8, according to monitoring by Hyperinsight, a whale starting with 0xec4, after taking profit on long positions, opened a BTC short position within the past 1 hour using 40x leverage. The average price was $71,638, with a size of 200 BTC, approximately $14.3 million. The liquidation price was $76,013.

In recent times, the Ethereum price has shown resilience. Its current trading price is around $2,237, and market analysis suggests it could enter a critical turning point. The derivatives market is active, with buying pressure leading; net trading volume has remained positive, which has caused institutional demand to pick back up. On the technical side, $2,000 is a key support level, and if it breaks above $2,400, it could move higher.

After the U.S.-Iran ceasefire agreement was reached for two weeks, global crude oil prices pulled back sharply. On the TradeXYZ platform, the traded volume of crude oil reached $3.65 billion, marking the first time it surpassed Bitcoin. As the market concentrated on closing positions, the open interest also declined. Both Brent crude and WTI were significantly above their pre-conflict levels, but the full recovery of the energy market may take several years.

Iran and the U.S. reach a two-week temporary ceasefire deal, with conditions requiring Iran to reopen the Strait of Hormuz. Bitcoin breaks through $72,000; liquidations of short positions in the derivatives market exceed $400 million, and positioning structures face a reset.

Gate News message: On April 8, Hyperbot data shows that Huang Licheng (Maji Big Brother) has once again opened a 10x leverage HYPE long position. His current position holds 28,888 HYPE. In addition, he has continued to make small, incremental adds to his 25x leverage Ethereum long position; his current position holds 10,925 ETH, with a liquidation price of $2066. With the crypto market rebounding, Huang Licheng’s overall position has turned from a loss to a profit, with the position value reaching approximately $25.651 million, and his unrealized gain is currently about $1.1 million.

Famous investor “Ma Ji Big Brother” Huang Licheng recently held 10,875 long positions in his Ethereum trades, with a total value of $24.29 million, and an unrealized profit exceeding $1 million. After suffering multiple losses from high leverage, he opened a larger position size, emphasizing, “I never lose.” His trades have sparked polarizing reactions in the community, warning about the risks of high leverage.

Gate News: Message, April 8, according to on-chain analyst Onchain Lens monitoring, a whale address "0x049" opened long positions for BTC and ETH with 20x leverage. The holdings include 279.8 BTC and 8,918 ETH, with a total value of about $40 million.

Bitcoin futures open interest has fallen from its October 2025 peak to $21.0 billion, as the market undergoes a deep deleveraging. With leverage currently low, funding-rate volatility is high, long and short positioning switches frequently, and in the short term Bitcoin lacks a clear trend.

April 8, the “Silver Iron Head Air Force” whale reduced its ETH short position by about $11.4484 million, and still holds 5,126 short contracts, worth about $11 million. Since April 1, this whale has continued to add positions at 20x leverage and has been performing swing trades, setting long and short positions in different price ranges.

Chicago Mercantile Exchange (CME Group) plans to launch Avalanche (AVAX) and Sui (SUI) futures on May 4, and to offer standard and micro contracts to meet the needs of different funding sizes. In addition, starting May 29, all cryptocurrency futures will move to 24-hour trading to enhance institutional investors' risk management capabilities.

Global geopolitical conditions have entered a major turning point at the very last moment, and the see-saw effect between safe-haven assets and risk assets has once again reached its peak. With less than an hour and a half remaining before the “final deadline” set by U.S. President Donald Trump, the situation has shifted dramatically.

The Chicago Mercantile Exchange plans to launch Avalanche and Sui futures contracts. After regulatory approval is obtained, they will be listed in both standard and micro specifications to improve traders’ capital efficiency and strategic flexibility, further expanding its cryptocurrency derivatives product lineup.

Bitcoin (BTC) has recently rebounded to $71,520, but due to a Resolv USD private key leak, some vault liquidity is insufficient, and Trading Protocol warns users to deposit with caution. Fox and Kalshi have partnered to integrate prediction market data into news programs, demonstrating the importance of data in media. The market is reacting sharply to developments in the Middle East; investors are waiting for Trump’s decisions, which is affecting overall market sentiment.

Gate News, April 8, according to monitoring by Hyperinsight, the ETH price broke above $2,200. Around 3:00 this morning, a certain whale opened an ETH short position worth $22 million. As the coin price rose, the short position came under pressure; the whale closed the position to cut losses, ultimately recording a loss of $1.47 million. At present, the whale has a buy order for 5,000 ETH, with the order price set at $2,229.

Gate News message, April 8, the trader "set 10 big goals first" (@Jason60704294) disclosed on social media that he has closed out his BTC and ETH long positions, choosing to take profit and exit. In this trade, his 4x leverage long on BTC generated a profit of about $12.12 million, and his 2x leverage long on ETH generated a profit of about $728k, for a total profit of more than $12 million.

From 23:30 to 23:45 on April 7, 2026 (UTC), ETH’s return in the span of 15 minutes recorded -0.97%. The price range was 2241.48–2273.25 USDT, and the amplitude reached 1.40%. During this period, the market saw significant volatility; trading activity declined and risk appetite shifted toward defense, drawing widespread attention from the market. The primary drivers behind this unusual move were large capital transitioning into and then concentrating inflows into exchanges, as well as the synchronous increase in short positions in the derivatives market, which amplified spot sell pressure. On-chain data shows that, during this stage, the total large-amount inflows of ETH into exchanges exceeded 120,000 coins, accompanied by…

From 23:30 to 23:45 (UTC) on 2026-04-07, the BTC price rapidly fell within 15 minutes, with a return of -1.03%. The price range was 71,905.7 to 72,760.5 USDT, and the amplitude was 1.17%. Market attention remained high; intraday volatility significantly increased. Trading volumes across major platforms briefly surged, indicating that selling pressure and risk-avoidance sentiment had permeated mainstream cryptocurrencies. The main drivers of this deviation were the continued tightening of macro liquidity under the Fed’s hawkish signals and a concentrated adjustment in the BTC derivatives market. The Fed’s interest rate in March 2026

Gate News message, April 7, Coinglass data shows that in the past 1 hour across the entire network, $209 million in liquidations occurred, including $60.52M liquidated on long positions and $148 million liquidated on short positions. By coin, liquidations were $73.42 million for BTC and $41.84 million for ETH. In addition, liquidations were $24.78 million for Brent crude oil and $24.18 million for WTI crude oil.