Derivatives Data

Bitcoin plummeted 40.8% to $74,680, but four major indicators show it’s unlikely to fall further. U.S. Treasury yields are stable at 3.54%, futures basis is at 3% and not inverted, ETF outflows amount to only $3.2 billion, accounting for just 3%, and MicroStrategy holds $1.44 billion in cash with no liquidation risk. Oracle raises $50 billion to ease concerns over tech stocks.

After the sharp XRP price decline, which wiped out most leveraged positions, futures flows have begun recovering, up 749% in 4 hours. This trend indicates that leverage may now be returning to the market, as the XRP price looks to recover alongside the rest of the crypto market. For context, the

The simultaneous movement of 5,493 ETH by co-founder Vitalik Buterin and the forced dumping of 30,000 ETH by Trend Research amidst a \$7.6 billion paper loss for top bulls is not a simple sell-off story. It is a critical market-clearing event that separates strategic, ecosystem-focused capital from over-leveraged, speculative positioning. This divergence, occurring as Ethereum battles to reclaim its 200-week moving average near \$2,450, signals a painful but necessary maturation: the net

In brief Bitcoin’s weekend drop triggered more than $5 billion in liquidations since Thursday, driving futures open interest to its lowest level in nine months. Derivatives and options markets have turned defensive, with traders paying elevated premiums for downside protection and reducing l

"Hyperunit Whale" completely crashed, the whale liquidated all Ethereum leveraged positions, incurring losses of approximately $250 million, with only $53 remaining in the account. Previously, he made a profit of $200 million from shorting before Trump's tariffs in October, then switched to long positions, building a $730 million position. This week, Ethereum plummeted to $2,400, leading to a full liquidation.

Bitcoin is changing hands at $78,199 per coin as of 9:55 a.m. Eastern time on Feb. 1, 2026, while derivatives traders quietly take their foot off the leverage pedal. Futures open interest and options positioning point to a market more interested in risk control than moonshot bets. Bitcoin Future

Glassnode and Coinbase Institutional jointly release the 2026 Q1 report, revealing a structural market shift after deleveraging: BTC market share approaches 59%, systemic leverage drops to 3% of the total cryptocurrency market cap, and options open interest for the first time surpasses perpetual futures.