Derivatives Data

Bitcoin price dips briefly near $70,000 as the market watches the upcoming $2.22 billion options expiration. Analysis shows more put options than call options, increasing short-term volatility risk. Geopolitical conflicts also add to market pressure, and investors should pay attention to key support and resistance levels.

Hyperinsight monitoring shows that the iShares Korea ETF (EWY) closed down 6.42% today at $125.74. However, during the US stock market close, related contracts rebounded on Hyperliquid, trading at $131.1, with a premium of over 4.4%. Pre-market trading is about to open, and it is expected that the spot and contract prices will gradually converge.

In the past 2 hours, a whale starting with 0x1bf was liquidated as BTC price retreated to $70,151, with a liquidation of 146 BTC, approximately $10.27 million. This address held a long position worth about $41.6 million with 40x leverage, an average entry price of $71,440, and the next liquidation price at $69,997. Its position quickly shifted from short to long and was liquidated within 24 hours.

According to BlockBeats, if Bitcoin breaks through $72,000, the liquidation strength of mainstream CEX short positions will reach 643 million; if it drops below $70,000, the long liquidation strength will be 229 million. The liquidation chart shows the impact level when the price reaches a specific level, with the height of the bars reflecting the strength of liquidity response.

PIPPIN dropped 37% as $43M Open Interest exited, signaling heavy liquidations. Trading volume spiked, driven mostly by aggressive sell orders rather than accumulation. Technical structure turned bearish, with lower highs, lower lows, and $0.185 as key support. Pippin — PIPPIN, shocked tr

Key Insights Dogecoin surged to a weekly high of $0.103 as improving market sentiment and strong derivatives demand encouraged traders to position for further gains. Futures data from CoinGlass showed a positive funding rate, indicating long traders are paying premiums while positioning for

Recently, metal market trading has been active, with international gold and silver prices fluctuating at high levels. The trading volume of metal contracts on the Gate platform ranks among the top three globally. Gate pioneered metal contract trading, offering 24/7 continuous trading to meet users' flexible needs during volatile market conditions.

Ethereum has recently shown weak rebounds, falling back 6% after touching $2200. Geopolitical tensions and weak stock markets have intensified market risk aversion, leading to insufficient bullish demand and a decline in on-chain activity. Despite the current challenges, Ethereum still holds an advantage in the blockchain space, with institutional funds favoring its ecosystem. If market sentiment recovers to $2400, it will be beneficial for a rebound in the future.

Although Ethereum's price rebounded by 22%, it remains relatively weak due to macroeconomic factors. Weekly DEX trading volume dropped to $12.6 billion, and DApp revenue decreased by 47%. Ethereum dominates the total locked value, with a mainnet TVL of $55.4 billion, indicating institutional investor preference.

Summary: The Middle East reignites in conflict, and traditional markets fall into a "pricing vacuum" due to weekend closures. Prediction markets and perpetual exchanges, at this moment, become the only continuously operating price systems worldwide. Author: Changan I Biteye Content Team Over the weekend, the US and Israel jointly conducted airstrikes on Iran, targeting the core areas of Tehran and missile facilities. This marks the most intense escalation in Middle East tensions in decades. Iran immediately issued a warning: if the conflict continues, the Strait of Hormuz will no longer be safe. Everyone's first reaction is the same: open trading apps and try to do something, but not only are US stocks closed for the weekend, oil and gold futures are also shut all day on Saturday. Panic needs to be released, funds need a place to go, so everyone's attention turns to these two platforms: Polymarket and Hyperliquid. Hyperliquid offers 24/7 commodity futures trading.

ChainCatcher Message: According to HyperInsight monitoring, the large whale "pension-usdt.eth" is currently shorting 1,000 BTC with 3x leverage, with an average entry price of $68,182.7, and a current unrealized loss of $2.2 million.

WTI crude oil recently rose above $82 to hit a new high in the recent period, then closed at $79.4. An address starting with 0xf4b opened a 20x leveraged long position in CL before the US stock market opened, earning a profit of $470,000, and remains the largest long position holder. The address has been active recently, with weekly profits reaching $1.51 million.

According to Coinglass data, whale holdings on the Hyperliquid platform have reached $3.21 billion, with long and short positions nearly evenly split at 50.4% and 49.6%, respectively. Currently, long positions are losing approximately $67.9 million, while short positions are in profit by about $143 million. One whale has fully committed to a long position on ETH at $1991.53, with an unrealized profit and loss of $6.64 million.

PANews March 6 News, according to on-chain analyst @ai\_9684xtpa monitoring, Hyperliquid BTC long TOP1 position has only $729 remaining before liquidation. Address 0x1bf…9547e currently holds 731.73 BTC with 40x leverage long position, opening price $71,441, liquidation price $70,200, now with an unrealized loss of $375,000. Since March, this address has also been actively trading BTC contracts with both long and short positions, accumulating a profit of $644,000.

ChainCatcher message, according to Coinglass data, in the past 24 hours, the entire network experienced liquidations of $252 million, with long positions liquidated at $170 million and short positions at $81.77 million. Among them, Bitcoin long positions liquidated at $69.2463 million, Bitcoin short positions at $27.4732 million, Ethereum long positions at $36.4551 million, and Ethereum short positions at $22.6325 million.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $74,404, the total liquidation strength of long positions on major CEXs will reach $1.589 billion. Conversely, if BTC drops below $67,879, the total liquidation strength of short positions on major CEXs will reach $907 million.

ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,175, the total liquidation strength of long positions on major CEXs will reach $694 million. Conversely, if ETH drops below $1,975, the total liquidation strength of short positions on major CEXs will reach $452 million.

ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $274 million, with long positions liquidated at $189 million and short positions at $85.9469 million. Among these, Bitcoin long positions were liquidated at $72.5955 million, Bitcoin short positions at $31.1138 million, Ethereum long positions at $38.5414 million, and Ethereum short positions at $24.8499 million.

A large cluster of short positions faces liquidation if SOL reaches $90.6, potentially increasing volatility. SOL trades between $83.00 support and $89.58 resistance, keeping price action compressed in the short term. SOL posts a 0.8% daily gain and rises 0.7% against BTC, holding

Solana approaches a key resistance level near $95, with increased trading volume and open interest signaling active trader interest. The token is currently at $90.20, facing potential upward movement if it surpasses $95, but may test $85 if rejected.