Derivatives Data

The Hong Kong Securities and Futures Commission is pushing forward with virtual asset regulation, and will announce three new measures in the short term, including allowing trading platforms to offer perpetual contracts and permitting brokers to use Bitcoin and Ethereum as collateral for financing. Initially, participation will be limited to professional investors, with an emphasis on risk management and transparency, and regulation of liquidity operations on trading platforms.

On February 11, it was announced that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has officially launched a series of cryptocurrency futures products linked to the CoinDesk benchmark indices, marking a new phase in the regulated market's layout for digital asset derivatives. These contracts are settled in USD cash, providing institutional investors with a compliant channel to participate in the volatility of mainstream crypto markets such as Bitcoin and Ethereum without directly holding or custodying crypto assets. ICE stated that this batch of futures was first announced externally on January 9 and has begun trading this week. It includes a wide range of market contracts linked to the CoinDesk 20 and CoinDesk 5 indices, as well as single-asset futures tracking the price performance of Bitcoin, Ethereum, Solana, XRP, and BNB. Since these products do not involve physical delivery, they are more aligned with traditional institutions' risk management and asset allocation needs.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $70,123, the total liquidation strength of long positions on mainstream CEXs will reach $1.213 billion. Conversely, if BTC drops below $63,963, the total liquidation strength of short positions on mainstream CEXs will reach $595 million.

On February 11th, DefiLlama data shows that trading volumes on major on-chain trading platforms have declined, and the open interest remains stable. Among them, Hyperliquid leads with approximately $6.06 billion in trading volume, followed by EdgeX and Aster.

The trading platform Boros under Pendle has launched the SOL funding rate trading markets SOLUSDC-Hyperliquid and SOLUSDC-Lighter. Users can profit by shorting YU, simplifying profit methods and capturing negative fee rate gains.

In the past hour, the whale "Strategy Opponent" closed its long positions in BTC and ETH simultaneously, incurring a loss of approximately $1.86 million, with a total closing value of $13,129,100. This address was previously known for establishing large-scale short positions.

According to HyperInsight monitoring, a certain "ETH super short" has been shorting ETH since $2940. Recently, they started reducing their position, with an unrealized profit of $8.35 million, and a total profit of over $80.9 million, continuously shorting with the highest leverage.

ChainCatcher reports that the price of gold (XAUT) is fluctuating steadily, currently slightly above approximately $5,025. The total 24-hour trading volume of XAUT contracts across the entire network is $724 million. The Gate platform is actively trading, offering efficient metal trading experiences and leverage services.

Matrixport analyzes that Bitcoin ETF capital inflow has slowed down due to narrowing market basis and low retail participation. The gains from futures-spot arbitrage are limited, making it difficult for institutional funds to accelerate their allocation, resulting in prolonged market consolidation.

Odaily Planet Daily reports that Coinglass data shows that in the past 4 hours, the entire network experienced liquidations of $124 million, with long positions liquidated at $119 million and short positions at $5.15 million. Among them, BTC liquidations totaled $4,818, and ETH liquidations totaled $4,667.

The on-chain options market has recently reached new trading volume highs, with $44 million in the first week of February, mainly concentrated in Ithaca and Derive protocols. The possible reasons for the surge in trading volume include the decline in USDT lending yields on Aave and anticipation for the new Hyperliquid markets. Renowned DeFi trader Route 2 Fi pointed out that low yields are prompting users to seek higher-return investment channels.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $71,603, the total liquidation strength of long positions on major CEXs will reach $1.041 billion. Conversely, if BTC drops below $65,219, the total liquidation strength of short positions on major CEXs will reach $860 million.

Recently, a whale named "On-Chain Shareholder" shorted the on-chain stock and commodities markets with approximately $80 million, while investing $40 million in ETH, SOL, and other assets, increasing short positions in PAXG and establishing ETH/SOL short positions. Currently, this address has realized a profit of about $12.7 million.

Intercontinental Exchange and CoinDesk Indices are launching seven cryptocurrency cash-settled futures, including Ethereum and BNB, to be announced at the Consensus 2026 conference. Additionally, there are plans to launch USDC contracts based on CoinDesk's overnight rate in April to enhance interest rate risk management tools in the crypto market.

Odaily Planet Daily reports that Hyperbot data shows Brother Magji Huang Licheng has just increased his Ethereum long position with 25x leverage. Currently, his position has grown to 4,900 ETH, worth approximately $10 million, with a liquidation price of $1,971.

Bitcoin has recently rebounded after a sharp decline, but there are no signs of capitulation selling in the market. Experts believe that another dip may be necessary. The futures market shows little change in the basis, not reaching the deep discounts typical of a bear market, indicating that market sentiment remains pessimistic and more selling pressure may be needed to bottom out.

ChainCatcher message shows that the whale holdings on the Hyperliquid platform have reached $2.774 billion, with long positions accounting for 48.73% and short positions for 51.27%. Long positions have a loss of $147 million, while short positions are profitable by $262 million. A giant whale took a full position long on ETH at a price of $2059.8, with an unrealized loss of $2.1663 million.

Hyperliquid's HIP-3 set a record of $5.2 billion in daily trading volume on February 5, with silver perpetual contracts reaching $4.09 billion. TradeXYZ led the way, with precious metal contracts accounting for 90% of the trading volume. Previously, gold broke $5,000 and silver dropped below $100, leading to a sharp decline. The platform's metal trading volume has reached 1% of COMEX, transforming into a full-asset trading layer.

ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $214 million, with long positions liquidated at $150 million and short positions at $64.2606 million. Among these, Bitcoin long liquidations totaled $54.2968 million, Bitcoin short liquidations $27.7075 million, Ethereum long liquidations $45.9926 million, and Ethereum short liquidations $13.245 million.