Derivatives Data

On March 26, 2026, from 17:45 to 18:00 (UTC), Bitcoin (BTC) experienced a -0.69% return within 15 minutes, with a price range of $68,385.8 to $68,956.2 USDT and an amplitude of 0.83%. Short-term volatility increased, market attention rapidly heightened, showing concentrated downward pressure. The main driver of this movement was the approaching options expiration, with related position investors adjusting short-term holdings in response to the "maximum pain" zone ($75,000–$80,000), combined with the put/call ratio of options.

Key Insights Cardano trades near $0.25 after a weekly decline, while geopolitical tensions and weak market sentiment continue to reduce investor confidence and participation. Open interest and funding rates signal bearish positioning, as declining participation and negative rates reflect

Key Insights The Shiba Inu saw long liquidations dominate recent activity as price reversed quickly, catching bullish traders off guard during a short-lived recovery phase. Open interest rebounded sharply after a decline, signaling renewed trader engagement and expectations of stronger price

Greeks.live reports that tomorrow will see the largest options settlement of the first quarter this year, with nearly 40% of options expiring. The biggest pain point for BTC is at $75,000, with low put option trading volume and overall sentiment leaning bearish. IV Crush is imminent, short-term option buyers are at a disadvantage, while institutions are building positions in future bullish options through rollovers.

BlockBeats News, March 26 — According to Lookonchain monitoring, James Wynn shorted Bitcoin with 40x leverage on "Ant Wallet" 30 minutes ago, with a liquidation price of $70,270.83.

Greeks.live on the X platform pointed out that March 27 will mark the largest options expiration of Q1 2026, with about 40% of options expiring. The biggest pain point for BTC is $75,000, and put option trading volume is low. Volatility warning indicates that IV Crush is approaching, and short-term options buyers are at a disadvantage. Whales are rolling over positions on Deribit, building large positions in out-of-the-money call options for June and September.

Gate News bot message, James Wynn (@JamesWynnReal) opened another 40x short position on Bitcoin approximately 30 minutes ago, with a liquidation price set at $70,270.83. According to Lookonchain's previous report on March 26, James Wynn has used up to 40x leverage to short Bitcoin three times in th

2026-03-26 15:00 to 15:15 (UTC), BTC spot price recorded a -0.77% return, trading between 68,913.1 and 69,495.9 USDT, with a volatility of 0.84%. During this period, market liquidity was sufficient but activity declined, on-site attention increased, and volatility was amplified. The main driver of this fluctuation was passive price movement in a low liquidity environment, combined with the CME Bitcoin futures March contract entering its first notice day, leading some institutions to shift and hedge their positions, which triggered a short-term downward trend. Additionally, spot and derivatives markets...

In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $253 million, with over 80% from long positions. BTC and ETH were liquidated for $68.88 million and $87.89 million respectively, involving a total of 90,432 traders. The largest single liquidation was $9.315 million.

BlockBeats News, March 26 — According to Onchain Lens monitoring, whale 0x049 shorted 577.34 BTC (worth $40 million) with 20x leverage and 19,344.8 ETH (worth $40 million).

Gate News reports that on March 26, according to on-chain analyst Onchain Lens monitoring, a whale with the address 0x049 opened short positions simultaneously with 577.34 BTC (approximately $40 million) and 19,344.8 ETH (approximately $40 million) using 20x leverage. The total short position amounted to about $80 million.

This Friday, Deribit will settle approximately $14.16 billion in Bitcoin options. The market expects a key "magnetic price level" at $75,000. Bitcoin is currently around $71,617, still below the critical level of $75,000, and significant volatility may occur in the next two days. While market sentiment is focused on a rebound, risk aversion remains high, indicating short-term volatility risks.

Crypto analyst Willy Woo analyzes the current market downturn, believing that due to the discounted trading of locked tokens after the FTX bankruptcy and the futures hedging mechanisms, ordinary investors find it difficult to achieve excess returns, leading to poor performance of altcoins. He recommends focusing on core assets like Bitcoin.

According to CoinGlass data, on March 26th, ETH's total contract trading volume across the network decreased by 8.21%, now totaling $46.33 billion. The trading volumes on various exchanges were $9.474 billion, $8.247 billion, and $5.443 billion, with open interest approximately $30.262 billion.

The trading volume of mainstream Perp DEX platforms has generally declined, but open interest remains high. Hyperliquid's 24-hour trading volume is $7.03 billion, while EdgeX and Aster are at $3.03 billion and $2.03 billion, respectively.

The crypto market is reeling from an overnight selloff, with bitcoin BTC$69,464.74 trading lower at $69,400 having lost 2.6% since midnight UTC and ether (ETH) heading back toward $2,000 after tumbling by 4.1%. The declines come alongside a sharp drop in U.S. equities and precious metals.

The crypto market is poised for significant movements as $14.2 billion in Bitcoin options expire this Friday on Deribit. This event, one of the year's largest, may impact liquidity and market direction amid geopolitical tensions, particularly regarding Iran.

On March 26, due to a decline in BTC prices, a large whale with an address starting with 0x965 was liquidated, totaling 125 BTC, with a loss of approximately $8.69 million. The same address was also liquidated twice in ETH long positions three hours earlier, losing about $270,000. The total liquidation across both rounds exceeded $14.2 million.

According to Hyperinsight monitoring, on March 26, the S&P 500 experienced a total liquidation of $11.7 million, ranking third, mainly from an address on Hyperliquid. The liquidation was caused by a short-term drop in BTC affecting margin, resulting in the liquidation of 1,779.8 long positions with a loss of approximately $195,000.