Data: Hyperliquid platform whales currently hold positions worth $2.964 billion, with a long-short position ratio of 0.98.

10x Research: Bitcoin will determine whether the $60,000 level will hold as support or break in the coming days

10x Research points out that Bitcoin options expiration, political uncertainty, and position concentration will influence the price movement around the $60,000 level in the coming days. The market has not accounted for tail event risks; attention should be paid to capital flows and incentive structures to prepare for potential sharp price fluctuations. The report reminds to stay patient and realistic, and to assess whether $60,000 is a reasonable scenario.

On-chain ETH maximum long floating loss has expanded to approximately $12 million, with recent additional purchases bringing the total position size to $127 million.

According to Coinbob monitoring, the largest on-chain ETH whale currently holds ETH long positions with 15x leverage, with an unrealized loss of $11.8 million and a loss of 138%. Its holdings amount to approximately 70,000 ETH, with a total value of $127 million, and an average price of $1,991. Recently, it increased its position by 10,000 ETH at $1,880, with a total deposit of $55 million. The account funds are approximately $34.3 million. This whale employs a high-selling, low-buy trading strategy.

Two major pyramid strategy BTC traders experience significant drawdowns in long positions, "Paul Wei" placed buy orders between $40,600 and $61,100.

According to BlockBeats, two Hyperliquid traders experienced significant drawdowns on their BTC long positions. The "100% Win Rate Low Drawdown" trader managed positions with high leverage, resulting in a loss of 452%; while "Paul Wei" adopted a conservative strategy, with a loss of 57.6%. Both used pyramid position management strategies for trading.

Market speculation enthusiasm cools down, and the total open interest in Bitcoin contracts across the entire network hits a new low since August 2025.

BlockBeats News, February 24 — According to Coinglass data, the total open interest in Bitcoin futures contracts across the entire network is 695,600 BTC, approximately $44.22 billion, hitting a new low since August 2025, down about 53% from the peak of $94.12 billion in October 2025. Leverage in the derivatives market is decreasing significantly, and overall market participation and speculative enthusiasm are cooling down.

BTC short-term decline of 0.91%: leveraged liquidations and macro risk release trigger selling

Between 04:00 and 04:15 (UTC) on February 24, 2026, the price of BTC experienced a rapid decline. The 15-minute candlestick showed a return of -0.91%. Trading volume significantly increased in a short period, and market sentiment shifted to caution, with attention markedly heightened. The intensified rapid fluctuations triggered some short-term funds to exit the market, and market participants became highly alert to subsequent movements. The main driver of this abnormal movement was the concentrated liquidation of leveraged positions. Data shows that short-term contract positions experienced mass liquidations, with several key leverage support levels quickly broken through, leading to automated trading systems executing high-frequency sell-offs, further amplifying the decline. Meanwhile,

Data: If BTC breaks through $66,725, the total liquidation strength of mainstream CEX short positions will reach $1.362 billion.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $66,725, the total liquidation strength of mainstream CEX short positions will reach $1.362 billion. Conversely, if BTC drops below $60,903, the total liquidation strength of mainstream CEX long positions will reach $721 million.