Derivatives Data

Hyperinsight monitoring shows that Abraxas Capital’s floating loss on its crude oil positions on Hyperliquid has reached $9.7 million, mainly because it has aggressively shorted Brent and WTI crude oil, with a total position size of $159 million.

Gate News message. On April 2, according to monitoring by Onchain Lens, an address created two weeks ago deposited 4.97 million USDC into HyperLiquid and opened a small BRENTOIL (Brent crude oil futures) short position with 3x leverage. The address may add to its position or open other positions.

An ETH whale has closed 2,700 long positions worth $5.54 million to avoid liquidation, reflecting significant market pressure. This move indicates a defensive strategy amid Ethereum's volatility, with a new liquidation price set at $2,031.52. Market sentiment remains cautious.

April 2, 2026, the total market capitalization of the cryptocurrency market fell 2.6%. Bitcoin dropped to $66,250, Ethereum is nearing $2,000, and major assets generally pulled back. Due to Trump making tough remarks about the Iran situation, risk-off sentiment intensified in the market, and funds are taking a wait-and-see stance in the short term. High interest rates and geopolitical risk together are weighing on prices; going forward, attention will be on developments in the Middle East and changes in macro liquidity.

BitMine Immersion Technologies (BMNR) stock price rose 12% on March 31, 2026, recording its largest single-day gain in recent history, buoyed by an upgrade to B. Riley’s price target. However, the rally was mainly driven by a short squeeze, with insufficient backing from new capital, and it may face resistance going forward. Even though the company has increased its holdings of Ethereum and has staking income, cash flow remains sluggish, and near-term performance depends on Ethereum’s price and staking returns.

This week, a significant liquidation of $46.6 million in tokenized Brent oil futures on Hyperliquid marked a notable event in crypto, overshadowing traditional assets. Driven by geopolitical tensions, liquidations impacted traders heavily positioned for a ceasefire.

Gate News, April 2, according to on-chain analysts monitoring, Brother Maji (address 0x020...872) currently holds 6,000 ETH on a 25x long position, with an entry price of $2,084.5 and a liquidation price of $2,040.5—only $13 away from the liquidation price. Previously, he had closed 1,700 ETH, incurring a loss of $48,000.

Gate News message. April 2, according to Coinglass data, liquidations across the entire network over the past 24 hours totaled $375 million, including $204 million liquidated on long positions and $170 million liquidated on short positions. In detail, Bitcoin had $51.7929 million liquidated on long positions and $41.8973 million liquidated on short positions; Ethereum had $42.568 million liquidated on long positions and $47.1016 million liquidated on short positions.

Gate News message: On April 2, according to Onchain Lens monitoring, the whale address pension-usdt.eth has newly opened a 3x leveraged short position of 20,000 ETH, while increasing its 3x leveraged short position in BTC to 750 coins. The combined value of the two positions is $92.4 million. Currently, the whale’s floating profit exceeds $1.6 million, and its total profit has already surpassed $32.0 million.

From 2026-04-02 01:15 to 2026-04-02 01:30 (UTC), the ETH spot price return logged -1.33%, reported at 2106.08 to 2140.86 USDT, with a range of 1.62%. During the event window, market volatility intensified, near-term attention clearly increased, and concentrated sell pressure triggered a rapid price pullback. The main driving force behind this unusual move is that capital outflows have once again intensified. On-chain data shows that over the past one cycle, ETH exchange net outflows have remained negative, reaching as high as -6,625.86 coins, while the ETF recorded a net outflow of -2,000 units.

Bitcoin (BTC) dipped in the short term to $67,600. The U.S. Department of the Treasury launched a small consultation on regulatory guidance for stablecoins under the “GENIUS Act,” and the CFTC Chair said he is ready to regulate the entire crypto market. Amid market developments, spot Bitcoin inflows are slightly higher than outflows, and the CFTC and the SEC have signed an agreement to coordinate digital asset regulation.

From 2026-04-02 01:00 to 01:15 (UTC), the BTC return rate recorded -0.67%. The K-line data range was 67,639.7 to 68,595.1 USDT, with a range of 1.39%. During this period, market attention increased, volatility noticeably intensified, and investors’ trading behavior became more short-term. The main drivers of this unusual move were the concentrated withdrawal of leverage capital in the derivatives market and bearish sentiment taking the lead. Futures open interest fell by about $200 million in just 15 minutes, reflecting a faster release of leverage-related risk. At the same time, the funding rate turned negative, indicating that the bears had gained dominance.

From 2026-04-02 00:30 to 2026-04-02 00:45 (UTC), the ETH 15-minute candlestick shows a gain of +0.72%. The price range is 2137.74 to 2157.47 USDT, with a swing of 0.92%. The volatility is moderate, but as market attention to this unusual move increases, the interest in related market conditions and risk discussions also rises. The main driver of this unusual move is the convergence of multiple technical rebound signals and derivatives positioning at high levels. A long-legged doji on the monthly chart has formed, creating expectations of a trend reversal. On the daily chart, the RSI is already at 42, having dropped into the oversold zone. 4

Key Insights: Dogecoin volatility has tightened significantly, with Bollinger Bands compressing to yearly lows, indicating a sharp price move could emerge within days. Rising futures volume and strong long positioning show traders anticipate upside, although repeated liquidations highlight r

Key Insights: Chainlink reserve accumulation continues, removing tokens from circulation, tightening available supply while market demand remains insufficient to trigger meaningful price recovery. LINK trades within a bearish pennant below $10, with lower highs and fragile support

The U.S. Securities and Exchange Commission approved rule changes for the NYSE American board on April 1, easing the restriction that previously allowed only a single crypto asset trust and opening up options trading for commodity trust ETFs with multiple crypto assets. This change will encourage financial institutions to increase their willingness to invest in hybrid crypto assets and improve market liquidity. Enhanced liquidity and regulatory measures will help prevent market risks.

2026-04-01 16:30 to 16:45 (UTC), the ETH spot price oscillated and rose. The 15-minute interval return recorded +0.66%, with the price moving narrowly between 2133.04 and 2152.23 USDT, and an amplitude of 0.90%. Market activity remained consistently high; the number of active on-chain addresses reached about 420,690 within 10 minutes. Heightened volatility triggered short-term attention. The main driver behind this unusual move came from changes in the derivatives market structure. From the end of March 2026 to the beginning of April, the ETH options market experienced the largest expiration event in history, with more than 5 million options contracts expiring simultaneously, significantly impacting market dynamics.

Key Insights: Ondo gains strength as the Franklin Templeton partnership pushes tokenized ETFs on-chain, lifting total value locked and expanding institutional access significantly. Futures open interest rises sharply while funding rates remain positive, showing increased trader

According to CoinGlass data, on April 1 the cryptocurrency market saw total liquidations of $299 million over the past 24 hours, affecting 112,410 people. Long and short positions were liquidated at $104 million and $195 million, respectively. BTC and ETH liquidation amounts were $91.6349 million and $68.5673 million, respectively. The largest single liquidation was $17.1773 million.

The first breakdown to under $68,000 seemed as just the beginning for bitcoin’s Friday correction, which just worsened with another dip to a fresh 3-week low. Most altcoins have followed suit, which has harmed over-leveraged traders, with more than 120,000 such participants being wrecked in the