# Derivatives Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Derivatives", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bitcoin Futures Structure Favors Bulls as Short Liquidations Accelerate

Bitcoin is attempting to reclaim the $90,000 level as market structure signals suggest a tactical upside. According to analyst Axel Adler, Bitcoin’s Regime Score has entered the +15 to +30 range, historically associated with positive returns, indicating an early recovery phase. Simultaneously, derivatives data show a dominance of short liquidations, creating mechanical buying pressure that supports upward movement. The current Regime Score of +16.3 suggests a favorable risk-reward setup, with backtested 30-day returns averaging +3.8% in this zone. While moving into a full bull regime above +30 has often led to local tops, the current neutral-positive transition and prevailing short liquidations indicate improving market structure and potential near-term gains.

bitcoinist12/23 04:02

Bitcoin Futures Structure Favors Bulls as Short Liquidations Accelerate

bitcoinist12/23 04:02

Bitcoin perpetual open interest rises as traders bet on year-end rally

Bitcoin perpetual open interest has risen from 304,000 to 310,000 BTC as its price briefly reached $90,000, signaling increased trader anticipation of a year-end rally. The funding rate also climbed from 0.04% to 0.09%, indicating growing bullish sentiment and leveraged long positioning. However, high funding rates may also suggest market overheating and potential correction risks. Bitcoin retreated to $88,200 after failing to hold above $90,000. A major year-end options expiry event on Dec. 26, with over $23 billion in contracts, could amplify volatility. Calls are concentrated at $100,000 and $120,000 strikes, while puts cluster around $85,000, with a put/call ratio of 0.37 reflecting dominant bullish bets. The max pain price is $96,000, suggesting many optimistic calls may expire worthless if prices don't rise.

cointelegraph12/23 03:37

Bitcoin perpetual open interest rises as traders bet on year-end rally

cointelegraph12/23 03:37

CME's Cryptocurrency Portal

CME's Cryptocurrency Portal: CFTC's recent approval for CFTC-registered exchanges to list spot cryptocurrency products could pave the way for major platforms like CME to enter the market. This move may attract significant institutional capital from traditional markets into crypto, leveraging CME’s established trust, regulatory compliance, and infrastructure. CME already handles substantial crypto derivatives volume, with record daily contracts and growing year-over-year activity. Integrating spot trading could streamline hedging, reduce operational friction, and offer a regulated alternative to offshore platforms. It may also redefine "spot" for large traders who prioritize custody, settlement, and stability over mere price exposure. Additionally, shifting leveraged trading to regulated venues like CME could enhance transparency and consumer protection, reducing risks seen in events like the recent $19B liquidation crash. While initial adoption may be conservative, this step could gradually build trust and open crypto to broader, safer institutional participation.

marsbit12/23 01:57

Ethereum’s Q4 reset: Is an ETH/BTC breakout coming in Q1 2026?

This cycle differs from the past, with the market showing extra caution. The Altcoin Season Index reveals only 12 altcoins are in the green against Bitcoin. Despite this, Ethereum is following a similar playbook in derivatives, undergoing a significant deleveraging event. ETH's open interest dropped over 50% from its peak, a deeper hit compared to Bitcoin's 38% decline. Structurally, Ethereum's value extends beyond its spot price, with a strong presence in DeFi, RWA, stablecoins, TradFi, and NFTs. Its consolidation around $3k appears less random as on-chain metrics have stabilized since mid-November. Total Value Locked (TVL) has hovered around $70 billion, and Total Value Secured (TVS) reached an all-time high and remains robust. Combining the leverage flush, structural resilience, and on-chain stability, ETH's Q4 performance against BTC may not be a setback. Instead, it could set the stage for a potential ETH/BTC breakout in Q1 2026.

ambcrypto12/22 17:02

Ethereum’s Q4 reset: Is an ETH/BTC breakout coming in Q1 2026?

ambcrypto12/22 17:02

Ethereum Derivatives See Heavy Unwind As Open Interest Falls Hard – A Leveraged Flush?

Amidst a volatile market, Ethereum's price briefly reclaimed $3,000, but its derivatives market is signaling a significant shift. Open Interest (OI) has plummeted by 50% since August, indicating a massive unwind of leveraged positions and a sharp decline in trader risk appetite. This drop, observed across major exchanges like Binance (-31%), suggests robust market deleveraging and a lower probability of explosive short-term price moves. Concurrently, ETH withdrawals from exchanges have spiked to multi-year lows, reducing immediate sell pressure. While this points to a more cautious, consolidating market, such a flush of leverage has historically preceded major structural shifts.

bitcoinist12/22 16:31

Ethereum Derivatives See Heavy Unwind As Open Interest Falls Hard – A Leveraged Flush?

bitcoinist12/22 16:31

JPMorgan explores crypto trading for institutional clients: Report

JPMorgan Chase is reportedly exploring the launch of cryptocurrency trading services for its institutional clients, marking a significant expansion into digital assets. According to Bloomberg, the bank is assessing potential offerings, including spot and derivatives trading, in response to growing client interest and a shifting regulatory landscape in the U.S. This move represents a notable shift from CEO Jamie Dimon’s previous criticism of Bitcoin, though he has expressed support for stablecoins and blockchain technology. The development follows similar initiatives by other financial institutions, such as France’s BPCE and BNY Mellon, which are also expanding their crypto services.

cointelegraph12/22 15:58

JPMorgan explores crypto trading for institutional clients: Report

cointelegraph12/22 15:58

DEX adoption, HIP-3 fuel $200 HYPE case as rivals threaten Hyperliquid’s dominance

Decentralized perpetuals exchange Hyperliquid has emerged as a breakout project in 2025, though it faces growing competition from rivals with lucrative reward systems. Cantor Fitzgerald forecasts that Hyperliquid’s HYPE token could reach $200 by 2035, driven by the implementation of HIP-3 and a token buyback mechanism that returns fees to holders. The report assumes a 15% annual growth rate and a reduction in token supply. However, emerging competitors like Lighter DEX pose a significant threat. Lighter uses a zero-fee model and a points-based farming system, attracting high trading volumes and speculation around an upcoming token launch. Despite Hyperliquid’s strong position, competitor incentives may challenge its dominance.

cointelegraph12/22 12:59

DEX adoption, HIP-3 fuel $200 HYPE case as rivals threaten Hyperliquid’s dominance

cointelegraph12/22 12:59

Bitcoin ‘Santa rally’ targets $120K as key BTC metric flips bullish

Bitcoin (BTC) surged toward $90,000 during early Asia trading hours, marking a 6.5% rebound from recent lows and fueling hopes for a potential "Santa Rally" with price targets as high as $120,000. Analysts point to a bullish megaphone pattern breakout and a favorable derivatives market structure, where short liquidations dominate, providing upward momentum. However, Bitcoin must hold key support at $84,000 to avoid further downside. While some analysts remain cautious due to historical December sell-offs, current metrics like the Regime Score suggest tactical upside potential. The $84,000–$85,600 range is critical, as it represents a significant accumulation zone.

cointelegraph12/22 11:38

Bitcoin ‘Santa rally’ targets $120K as key BTC metric flips bullish

cointelegraph12/22 11:38

Indonesia lists 29 licensed crypto platforms as big exchanges explore market

Indonesia's Financial Services Authority (OJK) has published a whitelist of 29 licensed cryptocurrency platforms, including major international players like Upbit, to help users identify legally authorized exchanges. The move comes as global firms such as Robinhood and OSL Group expand into Indonesia—one of the world’s fastest-growing crypto markets with over 17 million traders. The list follows stricter regulations (OJK Regulation No. 23/2025) that enhance oversight of digital assets, require prior approval for derivatives trading, and mandate investor knowledge tests. These measures aim to align with international standards and strengthen consumer protection in the rapidly expanding crypto economy.

cointelegraph12/22 09:53

Indonesia lists 29 licensed crypto platforms as big exchanges explore market

cointelegraph12/22 09:53

Asia Markets Open Quiet as Bitcoin Holds Near $88K During Holidays

Bitcoin held steady near $88,000 in quiet Asian trading amid low year-end liquidity, with a 0.6% gain, while Ether rose 1.5% and XRP dipped slightly. The crypto market remained stable, with a total market cap of approximately $3.08 trillion. Derivatives markets showed neutral funding rates and little de-risking activity. Bitcoin ETF inflows moderated but cumulative holdings stayed near record levels, supporting price stability. In traditional markets, gold and silver hit all-time highs due to rate cut expectations and a weaker dollar. Mixed macro cues included a 0.5% rise in Asian equities and unchanged U.S. rate expectations. Traders are monitoring Bitcoin’s ability to hold above $88,000.

TheNewsCrypto12/22 04:16