Derivatives Data

Gate News reports that on March 13th, Coinglass data shows that the entire network liquidated $95.9816 million in the past hour. Among these, short position liquidations were $92.4061 million and long position liquidations were $3.5756 million. Breaking down by cryptocurrency, BTC liquidations were $40.96 million and ETH liquidations were $40.16 million, with the two combined accounting for 84.4% of total liquidations.

According to CoinGlass data, on March 13, ETH global contract trading volume reached $57.509 billion, with Gate contract trading volume at $8.232 billion. ETH contract open interest stood at $28.898 billion, with Gate open interest at $3.562 billion; BTC global contract open interest was $48.861 billion, with Gate open interest at $4.764 billion.

Bitcoin rose approximately 2% on March 13, breaking through $72,000 despite strong dollar performance and weakness in US stock futures. Crypto futures open interest across the market increased, with Bitcoin and Ethereum showing particularly strong performance. Meanwhile, the Trump-themed Meme coin TRUMP surged over 30%.

Data from March 13 shows that on-chain Perp DEX overall trading volume and open interest remained relatively unchanged, with Hyperliquid trading volume showing a slight recovery and open interest remaining at elevated levels. The main Perp DEX trading volume and open interest were: Hyperliquid $6.74 billion, Aster $2.36 billion, EdgeX $2.13 billion, and others.

Influenced by the rise in crude oil futures, trading in Gate TradFi's metals sector is active. SLVONUSDT is currently priced at $74.5, with a 24-hour trading volume of $1,255,500 and a 19% increase; XPTUSDT is now quoted at $2,074, with a futures trading volume of $3,380,700 and a 45.98% increase. Gate TradFi offers various types of CFD trading with leverage up to 500x.

March 13 News: Monitoring indicates that when the US-Iran war broke out on February 28, a whale address opened a BTC short position at 20x leverage, with an initial position entry price of $63,810 and the position expanded to $6.5 million. Despite market volatility and continued upward movement in BTC price, the short position has accumulated unrealized losses of $580,000, representing a loss magnitude of 180%.

Gate News reported that on March 13, CoinGlass stated that following recent liquidations, leverage is reaccumulating. Open interest has now rebounded to approximately 88,000 BTC, not yet at extreme levels, but the "fuel" for volatility is clearly returning. The more accumulation, the greater potential price swings could be.

According to Gate News, on March 13, the total liquidation amount across the entire network reached $32,489,300, mainly involving long and short positions. The EURUSD had the highest liquidation amount at approximately $8,514,400, while Bitcoin and Ethereum were $7,199,400 and $3,989,700 respectively. TRUMP's liquidation amount was $2,928,000.

On March 13, the Gate platform's gold (XAUT) 24-hour contract trading volume reached $56.2331 million, up 32.07% from the previous period, ranking third globally; silver (XAG) trading volume was approximately $153 million, also ranking third globally. The 24-hour highest prices for gold and silver were $5148.8 and $87.45 respectively.

According to Coinglass data, if Bitcoin breaks through $73,000, the liquidation intensity of short positions on mainstream CEXs will reach $662 million; if it falls below $70,000, the liquidation intensity of long positions will reach $726 million. The liquidation chart reflects the liquidity impact after the price reaches specific levels.

March 13 News: U.S. stock market pre-market silver prices continue to decline, with the silver synthetic contract on the Hyperliquid platform breaking below $82, trading at $81.9, with a 24-hour decline of 5.6%. A whale holding a 20x leveraged SILVER short position has expanded unrealized gains to $1.98 million, with a return rate of 46.5%.

The cryptocurrency options market is rapidly expanding, with Bitcoin options open interest expected to reach $65 billion by 2025, surpassing futures for the first time. The leading platform Deribit's acquisition by Coinbase is facilitating increased participation from institutional investors. On-chain options remain in early development stages, although the decentralized derivatives market share has risen to 10%. Increasing institutional demand and an improving regulatory environment are creating new opportunities for the crypto options market.

The cryptocurrency market is showing overall strength, with total market capitalization reaching $2.51 trillion. Bitcoin is approaching $72,000, while Ethereum is around $2,100. The rally has been driven by declining crude oil prices and institutional capital inflows, while the U.S. stock market decline has created a divergence with independent cryptocurrency market movements. Leveraged market short positions are being squeezed, capital flows into spot ETFs remain robust, and geopolitical factors have also improved market sentiment.

The MOVE Index surged 21% on March 12, signaling that inflation concerns are spreading to global bond markets. Options data for Bitcoin and Ethereum show conservative market sentiment, with put ratios rising. Despite increased financial risks, implied volatility in crypto markets remains relatively stable, but if US Treasury volatility continues to rise, it could put pressure on crypto markets. Overall, the market currently maintains a cautious stance toward risk assets.

Key Insights Hyperliquid HYPE rebounded from the $20 support zone and now trades near $37 as improving market activity strengthens the developing recovery trend. Technical structure shows higher lows since January while resistance near $38 and $40 now determines whether bullish momentum

With market volatility intensifying, the demand for risk hedging in crypto derivatives is rising, and Bitcoin and Ethereum options contracts are approaching expiration. Data shows that market positions are skewed toward defensive strategies, particularly with elevated put-to-call ratios in Ethereum options. Despite increased uncertainty in traditional markets, implied volatility remains stable, though macro risks could impact the positioning structure of crypto assets.

Nvidia GTC 2026 conference will be held in San Jose from March 16-19, with an expected attendance of over 30,000 participants. Ahead of the conference, NVDA trading volume on decentralized platforms reached 16.9 million, and a certain whale opened a 1.44 million USD long position with 3x leverage within 24 hours.