Derivatives Data

Greeks.live posted a message on the X platform: 38,000 BTC and 215,000 ETH options settled, the market continues to decline, and confidence remains weak. Put options dominate, accounting for 9% of the total positions, and implied volatility has decreased. Although some bottom-fishing behavior has appeared, the market remains in a bearish phase, and it is too early to discuss a bull market.

According to Coinglass data, if Bitcoin falls below $64,000, the liquidation strength of long positions on mainstream CEXs will reach $898 million. Breaking through $69,000 will result in short position liquidations reaching $1.417 billion. The liquidation chart shows the relationship between liquidation strength and price movements.

On February 13th, 38,000 BTC options and 215,000 ETH options will expire. The Put-Call Ratios for BTC and ETH are 0.71 and 0.82, respectively. The crypto market continues to decline, with market confidence remaining low. However, put options still dominate, and some bottom-fishing activity has appeared. The bear market is still ongoing.

Crypto KOL CBB and the whale are counterparties on the Hyperliquid chain, holding short and long positions in tech stocks such as MU, NVIDIA, GOOGL, and SNDK respectively. CBB's holdings are approximately $25 million, recently reducing MU short positions with a profit of $660,000; the whale's holdings are about $22 million, mainly profit from MU long positions, with an unrealized gain of $680,000.

February 13 News, Bitcoin options worth approximately $2.5 billion are set to expire today, sparking significant market attention on short-term price fluctuations. As of press time, Bitcoin is trading at $68,280, down 1.1% in the past 24 hours, with a range of $64,760 to $71,450 over the past 7 days. The price has fallen about 30% in the last 30 days, nearly halving from the all-time high of $126,080 in October last year. Spot and derivatives activity are cooling simultaneously. In the past 24 hours, Bitcoin trading volume was approximately $47 billion, down 11% from the previous day. Futures market trading volume dropped to $63 billion, an 18% decrease week-over-week, while open interest declined to $44 billion, indicating that funds are mainly reducing positions rather than entering large-scale trades.

Due to a lack of investor demand, traders are focusing on concerning US macroeconomic data, and Bitcoin open interest has fallen to $34 billion. Some of the decline is also attributed to forced liquidations, which totaled $5.2 billion over the past two weeks. In the past month, Bitcoin has dropped 28%, gold has regained the $5,000 psychological level, and the S&P 500 is only 1% away from its all-time high.

BTC futures total open interest has fallen to $34 billion, down 28% from 30 days ago, the lowest since 2024. Although open interest measured in BTC remains stable, the market has turned bearish due to US employment data and options skew, while derivatives indicators remain weak. However, the daily average trading volume of spot Bitcoin ETFs still reaches $5.4 billion, highlighting a conflicting institutional demand.

Key Insights: Cardano’s price struggles as it drops below $0.26, maintaining a bearish outlook as moving averages turn into resistance. Open interest in Cardano rises slightly, indicating traders are rebuilding positions at lower levels amid declining market participation. Continued

ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,049, the total liquidation strength of long positions on major CEXs will reach $841 million. Conversely, if ETH drops below $1,856, the total liquidation strength of short positions on major CEXs will reach $637 million.

On February 13, news reports indicate that Bitcoin's recent price has been under continuous pressure, failing to stay above $72,000. Meanwhile, the total open interest in Bitcoin futures has fallen to $34 billion, hitting a new low since November 2024, down approximately 28% from 30 days ago. Although the number of open contracts measured in Bitcoin remains around 502,450, indicating that overall leverage demand has not significantly decreased, forced liquidations have accumulated to $5.2 billion, intensifying market concerns that Bitcoin may fall back to the $60,000 support level. The weak bullish leverage demand in the market highlights a decoupling of Bitcoin from traditional financial markets. Over the past month, Bitcoin has declined by 28%, with investors lacking clear catalysts. At the same time, gold prices have returned to the psychological level of $5,000, and the S&P 500 index is approaching its all-time high. Some analysts believe that the risk-averse sentiment is driven by a soft U.S. labor market. Data from the U.S. Department of Labor shows that only 181,000 new jobs are expected to be added in 2025, below expectations, but the White House emphasizes that slowing population growth is leading to decreased job demand.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $69,282, the total liquidation strength of long positions on major CEXs will reach $1.536 billion. Conversely, if BTC drops below $62,750, the total liquidation strength of short positions on major CEXs will reach $810 million.

ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,000, the total liquidation strength of mainstream CEX short positions will reach $730 million. Conversely, if ETH drops below $1,824, the total liquidation strength of mainstream CEX long positions will reach $377 million.

ChainCatcher News, according to Coinglass data, if BTC breaks through $68,457, the total liquidation strength of long positions on mainstream CEXs will reach $1.018 billion. Conversely, if BTC drops below $62,611, the total liquidation strength of short positions on mainstream CEXs will reach $486 million.

Notably, liquidation data confirms that most high-leverage long positions on HYPE were already cleared during the recent decline. However, liquidity heatmaps show price consistently moved through dense leverage zones, indicating structured liquidation rather than sudden volatility.

Odaily Planet Daily reports that according to Coinglass data, in the past hour, the total liquidations across the network reached $80,370,100, with long positions liquidated at $77,444,100 and short positions at $2,926,000. Among them, BTC liquidations amounted to $31,520,000, and ETH liquidations totaled $19,770,000.

In the past 24 hours, the total liquidations worldwide reached $275 million, involving 117,532 people. Bitcoin long and short positions were liquidated for $54.11 million and $53.58 million respectively. The situation for Ethereum is also not optimistic, with the largest single liquidation on the Hyperliquid platform reaching $11.86 million.

Odaily Planet Daily reports that according to Onchain Lens monitoring, as the market declines, Big Brother Magic (0x020...5872)'s 25x leveraged ETH long position is once again facing partial liquidation. Currently, its loss has reached $27.56 million, with only a 4% price drop remaining before the next liquidation.

Odaily Planet Daily reports that according to Coinglass data, in the past 4 hours, the total liquidations across the entire network reached $63,121,900, with long positions liquidated at $50,911,200 and short positions at $12,210,800. Among them, BTC liquidations amounted to $23,510,000, and ETH liquidations totaled $19,580,000.

Odaily Planet Daily reports that, according to Onchain Lens monitoring, a certain whale (0xeA0...A918) deposited $5 million USDC into Hyperliquid and opened 5x leveraged long positions on HYPE, ETH, and BTC. Currently, this address still has TWAP orders to further increase its position.

In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $215 million, mainly consisting of $83.78 million in long positions and $131 million in short positions. The liquidation amounts for BTC and ETH were $86.146 million and $44.611 million respectively, with a total of 105,638 people liquidated. The largest single liquidation occurred on Hyperliquid's BTC-USD trading pair, amounting to $11.8609 million.