Derivatives Data

Foresight News reports that according to CoinAnk data, in the past 24 hours, the entire network experienced liquidations of $202 million, with long positions liquidated at $145 million and short positions at $57.0284 million. Among them, Bitcoin liquidations amounted to approximately $86.7049 million, and Ethereum liquidations were about $38.2828 million.

ChainCatcher reports that, according to Coinglass data, if ETH drops below $1,861, the total liquidation strength of long positions on major CEXs will reach $857 million. Conversely, if ETH breaks above $2,054, the total liquidation strength of short positions on major CEXs will reach $810 million.

On February 13, Bitcoin's price volatility significantly accelerated after months of sideways trading, entering a high-risk zone. On-chain data shows that between February 5 and 6, Bitcoin first plummeted 14.3%, then quickly rebounded 12.2%, forming intense fluctuations in a short period, with both longs and shorts experiencing large-scale liquidations. Statistics from Alphractal indicate that 30-day and 180-day volatility have risen simultaneously. Such scenarios often occur after a prolonged period of low volatility, suggesting that the market may be shifting from "consolidation" to "rapid directional movement." For high leverage traders, this back-and-forth price movement greatly increases liquidation risks.

Bitcoin is experiencing a bearish trend, trading around $66,381 after a volatile session. Despite oversold RSI levels suggesting a potential rebound, the prevailing negative momentum and high liquidation data indicate uncertainty ahead, with resistance from moving averages.

Odaily Planet Daily reports that on-chain analyst Ai Yi has monitored that the top 3 addresses with the largest short positions in Hyperliquid BTC (0xd62…b7d91) have an unrealized profit of $2.434 million. Since February 2, this address has been shorting BTC and currently holds a short position 40 times larger than 278.76 BTC, worth approximately $18.51 million, with an average opening price of $75,150.5.

Daily Market Highlights and Trend Analysis, produced by PANews. 1. Market Observation The current macro market is experiencing a profound confidence crisis triggered by AI, with the narrative shifting from "AI frenzy" to "AI panic." Investors are no longer focused on who will benefit but are instead worried about which industries will be disrupted and replaced. On Thursday, financial markets experienced a broad sell-off, with US stock market capitalization evaporating by $1 trillion. Cisco plummeted 12% after releasing weak profit margin guidance. The Nasdaq dropped over 2%, the S&P 500 declined 1.57%, breaking below the 50-day moving average, and the Dow Jones Industrial Average fell below 50,000 points. The seven tech giants all declined, with Apple dropping over 5%, losing approximately $202 billion in market value in a single day. Amazon's stock price, after eight consecutive days of decline, officially entered a technical bear market on Thursday, down 21.4% from its high. Industry insiders expect NVIDIA's February 25 earnings report to become an important event in the AI field.

Greeks.live posted a message on the X platform: 38,000 BTC and 215,000 ETH options settled, the market continues to decline, and confidence remains weak. Put options dominate, accounting for 9% of the total positions, and implied volatility has decreased. Although some bottom-fishing behavior has appeared, the market remains in a bearish phase, and it is too early to discuss a bull market.

According to Coinglass data, if Bitcoin falls below $64,000, the liquidation strength of long positions on mainstream CEXs will reach $898 million. Breaking through $69,000 will result in short position liquidations reaching $1.417 billion. The liquidation chart shows the relationship between liquidation strength and price movements.

On February 13th, 38,000 BTC options and 215,000 ETH options will expire. The Put-Call Ratios for BTC and ETH are 0.71 and 0.82, respectively. The crypto market continues to decline, with market confidence remaining low. However, put options still dominate, and some bottom-fishing activity has appeared. The bear market is still ongoing.

Crypto KOL CBB and the whale are counterparties on the Hyperliquid chain, holding short and long positions in tech stocks such as MU, NVIDIA, GOOGL, and SNDK respectively. CBB's holdings are approximately $25 million, recently reducing MU short positions with a profit of $660,000; the whale's holdings are about $22 million, mainly profit from MU long positions, with an unrealized gain of $680,000.

February 13 News, Bitcoin options worth approximately $2.5 billion are set to expire today, sparking significant market attention on short-term price fluctuations. As of press time, Bitcoin is trading at $68,280, down 1.1% in the past 24 hours, with a range of $64,760 to $71,450 over the past 7 days. The price has fallen about 30% in the last 30 days, nearly halving from the all-time high of $126,080 in October last year. Spot and derivatives activity are cooling simultaneously. In the past 24 hours, Bitcoin trading volume was approximately $47 billion, down 11% from the previous day. Futures market trading volume dropped to $63 billion, an 18% decrease week-over-week, while open interest declined to $44 billion, indicating that funds are mainly reducing positions rather than entering large-scale trades.

Due to a lack of investor demand, traders are focusing on concerning US macroeconomic data, and Bitcoin open interest has fallen to $34 billion. Some of the decline is also attributed to forced liquidations, which totaled $5.2 billion over the past two weeks. In the past month, Bitcoin has dropped 28%, gold has regained the $5,000 psychological level, and the S&P 500 is only 1% away from its all-time high.

BTC futures total open interest has fallen to $34 billion, down 28% from 30 days ago, the lowest since 2024. Although open interest measured in BTC remains stable, the market has turned bearish due to US employment data and options skew, while derivatives indicators remain weak. However, the daily average trading volume of spot Bitcoin ETFs still reaches $5.4 billion, highlighting a conflicting institutional demand.

Key Insights: Cardano’s price struggles as it drops below $0.26, maintaining a bearish outlook as moving averages turn into resistance. Open interest in Cardano rises slightly, indicating traders are rebuilding positions at lower levels amid declining market participation. Continued

ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,049, the total liquidation strength of long positions on major CEXs will reach $841 million. Conversely, if ETH drops below $1,856, the total liquidation strength of short positions on major CEXs will reach $637 million.

On February 13, news reports indicate that Bitcoin's recent price has been under continuous pressure, failing to stay above $72,000. Meanwhile, the total open interest in Bitcoin futures has fallen to $34 billion, hitting a new low since November 2024, down approximately 28% from 30 days ago. Although the number of open contracts measured in Bitcoin remains around 502,450, indicating that overall leverage demand has not significantly decreased, forced liquidations have accumulated to $5.2 billion, intensifying market concerns that Bitcoin may fall back to the $60,000 support level. The weak bullish leverage demand in the market highlights a decoupling of Bitcoin from traditional financial markets. Over the past month, Bitcoin has declined by 28%, with investors lacking clear catalysts. At the same time, gold prices have returned to the psychological level of $5,000, and the S&P 500 index is approaching its all-time high. Some analysts believe that the risk-averse sentiment is driven by a soft U.S. labor market. Data from the U.S. Department of Labor shows that only 181,000 new jobs are expected to be added in 2025, below expectations, but the White House emphasizes that slowing population growth is leading to decreased job demand.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $69,282, the total liquidation strength of long positions on major CEXs will reach $1.536 billion. Conversely, if BTC drops below $62,750, the total liquidation strength of short positions on major CEXs will reach $810 million.

ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,000, the total liquidation strength of mainstream CEX short positions will reach $730 million. Conversely, if ETH drops below $1,824, the total liquidation strength of mainstream CEX long positions will reach $377 million.

ChainCatcher News, according to Coinglass data, if BTC breaks through $68,457, the total liquidation strength of long positions on mainstream CEXs will reach $1.018 billion. Conversely, if BTC drops below $62,611, the total liquidation strength of short positions on mainstream CEXs will reach $486 million.