# Сопутствующие статьи по теме Derivatives

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Derivatives", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Ethereum enters FTX-era stress: Is this structural deleveraging?

Ethereum experienced severe market stress reminiscent of the FTX era, driven by geopolitical tensions and forced deleveraging. Funding rates collapsed to extreme negative levels as ETH's price fell sharply toward $2,300, resulting in over $1.1 billion in ETH liquidations. Large holders, such as BitMine, faced near 40% unrealized losses with ETH trading far below its $3,800 acquisition cost. Both ETH and BTC reflected a synchronized market unwind, with price failing to hold above key resistance levels. Momentum indicators turned bearish, with support now tested near $2,400–$2,600. A break below could lead to further declines, while recovery depends on improved macro conditions and renewed institutional inflows.

ambcrypto02/01 23:01

Ethereum enters FTX-era stress: Is this structural deleveraging?

ambcrypto02/01 23:01

Bitcoin tests long-term cost support at $76K – Market bottom?

Bitcoin broke below the long-term realized cost basis of $76,000, a key support level untested for 27 months. The decline was driven by ETF outflows, tighter liquidity, and macro risk aversion rather than panic selling. While short-term holders realized losses, the market structure showed signs of repositioning rather than capitulation. Price stabilized near $78,000, with reclaiming $80,000 as a critical resistance target. Derivatives markets turned defensive with negative funding rates, reflecting reduced risk appetite. The breach presents a potential accumulation opportunity for long-term holders, as the move signals a liquidity-led reset without forced selling pressure.

ambcrypto02/01 11:02

Bitcoin tests long-term cost support at $76K – Market bottom?

ambcrypto02/01 11:02

$2.5 Billion Liquidated: Crypto Market Cursed with Falling but Not Rising

On January 31, Bitcoin sharply dropped below $78,000, hitting a low of $75,700, a 7.6% decline, falling to levels last seen in April 2025. Ethereum fell below $2,400, down 12.28%, nearly erasing gains since July 2025, and Solana dropped 13.74% below $100. The broader crypto market liquidation totaled $2.522 billion in 24 hours, with long positions accounting for $2.411 billion. The downturn was triggered by escalating geopolitical tensions and a sharp sell-off in precious metals. Gold fell 15.7% and silver plunged 37%, partly due to market expectations of a more hawkish Federal Reserve under potential chair nominee Kevin Warsh. This led to a repricing of risk assets, with crypto—seen as a higher-risk asset—experiencing accelerated outflows. Notably, Bitcoin’s value relative to gold hit a historic low, suggesting extreme weakness but also potential long-term opportunity. However, the market displayed a “follow-the-drop-not-the-rise” pattern, falling alongside traditional risk-off moves without participating in rallies. Major players suffered significant losses. Garrett Bullish was liquidated for over $700 million in a single position on Hyperliquid, with total losses around $270 million over two weeks. Meanwhile, Trend Research fund held large ETH positions with nearly $500 million in unrealized losses, continuously adding collateral to avoid liquidation. The event underscores that crypto remains highly sensitive to macro sentiment and liquidity shifts, lacking the stability of a true safe-haven asset. It forces a reevaluation of crypto’s long-term value proposition during periods of deleveraging and market stress.

marsbit02/01 01:02

$2.5 Billion Liquidated: Crypto Market Cursed with Falling but Not Rising

marsbit02/01 01:02

Bitcoin’s leverage builds – Will BTC see a volatility breakout ahead?

Bitcoin's price remains compressed near $89,000, but derivatives data indicate traders are rebuilding leverage and positioning for a potential breakout. Despite a 5% price dip amid a broader market sell-off, Binance Open Interest (OI) rose by 31%, returning to pre-October levels. This suggests speculative capital is re-entering the market, with a preference for crypto over traditional safe havens like gold and silver. OI growth during consolidation reflects anticipation rather than fear, as traders use leverage to hedge downside near $81,000 while targeting upside toward $90,000. A key signal is the absorption of sell pressure through short liquidations between $84,000–$86,000, which helps stabilize price and compress volatility. The asymmetry in liquidation clusters—with dense short positions above and thin long liquidations below—reduces bearish momentum. Overall, rising OI and constructive sentiment suggest the market is poised for a volatility expansion once the current trading range resolves.

ambcrypto01/31 16:03

Bitcoin’s leverage builds – Will BTC see a volatility breakout ahead?

ambcrypto01/31 16:03

Bitcoin Futures Trading Volume Falls to Lowest Monthly Level Since 2024

Monthly Bitcoin futures trading volume fell to approximately $1.09 trillion in January, marking the lowest level since 2024 and a significant decline from previous periods when volumes often exceeded $2 trillion. This slowdown reflects reduced speculative activity and more cautious trader positioning. Trading remains highly concentrated on major exchanges, with Binance, OKX, and Bybit accounting for the majority of activity. The decline appears orderly, indicating a phase of consolidation rather than market stress, as participants reduce leverage and await clearer signals before re-engaging.

bitcoinist01/31 09:01

Bitcoin Futures Trading Volume Falls to Lowest Monthly Level Since 2024

bitcoinist01/31 09:01

Global Sell-Off Hits Metals And Crypto As Binance Open Interest Returns To Pre–October 10 Levels

A global risk-off sell-off has impacted both traditional metals and crypto markets, with gold dropping 8% and silver falling 12%. Bitcoin declined around 9% but proved relatively resilient. The downturn was triggered by a sharp sell-off in Microsoft shares due to AI-related announcements, leading to a broader market repricing. Nearly $300 million in long positions were liquidated in crypto, highlighting the impact of high leverage. Despite recent volatility, open interest on Binance has risen to 123,500 BTC, exceeding pre-October 10 levels, indicating returning risk appetite and renewed leverage buildup, which leaves the market vulnerable to further sharp moves.

bitcoinist01/31 07:01

Global Sell-Off Hits Metals And Crypto As Binance Open Interest Returns To Pre–October 10 Levels

bitcoinist01/31 07:01

Binance says macro shock, not exchange failure, drove October’s $19B liquidation cascade

Binance has published a post-mortem of the 10 October 2025 flash crash, attributing the $19 billion liquidation wave to macroeconomic shocks—including trade-war concerns and rising bond yields—rather than exchange-specific failures. The report states that 75% of liquidations occurred before two minor technical issues on its platform, which had limited impact. Data shows multi-exchange liquidations, indicating a system-wide leverage unwind. Binance acknowledged temporary balance display errors and index price deviations but emphasized improvements to risk controls. The event underscored the vulnerability of highly leveraged crypto markets to macro shocks and the need for robust cross-venue safeguards.

ambcrypto01/30 22:53

Binance says macro shock, not exchange failure, drove October’s $19B liquidation cascade

ambcrypto01/30 22:53

Crypto Market Volatility Intensifies Following Bitcoin and Ethereum Options Expiry

The crypto market experienced significant volatility surge, with total capitalization dropping 5.31% to $2.83 trillion, following the expiry of $8.5 billion in Bitcoin and Ethereum options. Bitcoin options accounted for $7.4 billion and Ethereum $1.2 billion of the expiries. The put/call ratios shifted dramatically post-expiry, with Bitcoin's moving from 0.46 to 1.24 and Ethereum's reaching 1.79, indicating strong bearish sentiment. Bitcoin fell 6.5% to $82,370 with $790M liquidations, while Ethereum dropped 6.5% to $2,735 with $420M liquidations. Additional selling pressure emerged from expectations of Kevin Warsh's potential Fed nomination due to his hawkish crypto stance.

TheNewsCrypto01/30 12:49

Crypto Market Volatility Intensifies Following Bitcoin and Ethereum Options Expiry

TheNewsCrypto01/30 12:49

Regulatory Clarity for Tokenized Securities: Which Hot Projects Won't Pass the SEC's Scrutiny?

The U.S. SEC has issued new guidance clarifying the regulatory treatment of tokenized securities, emphasizing that the use of blockchain does not change the fundamental nature of securities obligations. The guidance distinguishes between two main types of tokenized securities: those led by the issuer (where blockchain is used as a technical upgrade to record ownership registry, without altering rights or regulatory requirements) and those created by third parties (which may not confer direct ownership rights and introduce additional risks such as custody or counterparty risk). The SEC stresses that regardless of the technology used, any asset that meets the definition of a security or derivative remains subject to existing federal securities laws. This move aims to address market confusion, particularly around unauthorized “tokenized stocks” that mimic equity without issuer involvement—such as certain products offered by platforms like Robinhood in Europe or third-party claims of tokenized equity in companies like OpenAI. In contrast, compliant initiatives—such as those by Kraken, NYSE, or DTCC—focus on integrating tokenization within existing regulatory frameworks, ensuring issuer participation and clear accountability. The guidance reinforces that tokenization is not a shortcut to bypass securities laws but must align with legal and economic substance.

Odaily星球日报01/30 03:36

Regulatory Clarity for Tokenized Securities: Which Hot Projects Won't Pass the SEC's Scrutiny?

Odaily星球日报01/30 03:36

SEC and CFTC signal execution phase for crypto regulation at harmonization meeting

US financial regulators, the SEC and CFTC, have announced a shift from coordination to execution in crypto regulation. At a harmonization meeting, officials outlined plans to advance joint rulemaking using existing authority, without waiting for final legislation from Congress. A key initiative, "Project Crypto," aims to create a shared taxonomy for crypto assets, clarify jurisdictional boundaries, and reduce regulatory duplication and uncertainty. The CFTC stated that most crypto assets are not securities, marking a departure from past ambiguity. Planned rulemaking covers tokenized collateral, onshore crypto perpetual derivatives, retail leveraged trading, and treatment of software in DeFi. The goal is to provide regulatory clarity and reduce friction while maintaining market integrity.

ambcrypto01/29 20:04

SEC and CFTC signal execution phase for crypto regulation at harmonization meeting