# Сопутствующие статьи по теме Hedging

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

Bitcoin Funding Rate Hits Three-Month Low: What Did the Shorts Already Know?

Bitcoin's derivatives market signaled significant downside pressure ahead of key macro data, as funding rates turned deeply negative — hitting around -6% on February 28, a three-month low — while open interest (in BTC terms) continued to rise. This combination indicated that traders were aggressively shorting or hedging, using high leverage, even before the U.S. employment report was released. When the jobs data came in softer than expected, it triggered a macro repricing event. The negative funding rates reflected a crowded speculative position favoring shorts, meaning sellers were paying buyers to maintain their bearish bets. Such conditions can persist if hedging demand is genuine or if trend-following behavior continues, rather than simply indicating an imminent reversal. The real signal occurs when negative funding rates coincide with stable or rising open interest — suggesting new short positions are still entering — while price fails to make new lows. Liquidations then act as a scoreboard: cascading long or short squeezes confirm whether volatility has forced positions to unwind. In summary, derivatives metrics — funding rates, open interest, and liquidations — provided a clear, early warning of building risk and leveraged positioning prior to the macro catalyst. The market’s reaction was ultimately a function of crowded positions meeting a macroeconomic trigger.

marsbit03/09 08:23

Bitcoin Funding Rate Hits Three-Month Low: What Did the Shorts Already Know?

marsbit03/09 08:23

346% Surge vs 20.8% Decline, CoinGecko: DEX Perpetuals Are Taking Market Share from CEX

CoinGecko's 2025 report highlights a dramatic shift in the crypto derivatives market, with DEX perpetual contract volume surging 346% to $6.7 trillion, while CEX open interest declined by 20.8%. This signals a systemic capital migration from centralized to decentralized platforms, driven by superior capital efficiency, mature market mechanisms, and enhanced DEX usability. Key factors include the ability to trade with leverage, hedge positions, and profit in both bull and bear markets. Hyperliquid, ranking as the seventh-largest global exchange with $2.9 trillion in volume—surpassing Coinbase International—exemplifies this trend. Its custom L1 blockchain enables high-speed, low-cost trading, while HIP-3’s permissionless listing mechanism allows trading of commodities, equities, and alternative assets, transforming DEXs into 24/7 global financial infrastructure. The data confirms perpetual contracts are reshaping crypto market structure, with DEXs becoming competitive in performance, fees, and user experience, positioning them as the future of decentralized finance.

marsbit03/04 05:15

346% Surge vs 20.8% Decline, CoinGecko: DEX Perpetuals Are Taking Market Share from CEX

marsbit03/04 05:15

Hyperliquid vs Polymarket: How Do On-Chain Exchanges Price Crises?

Hyperliquid and Polymarket, two leading on-chain exchanges, played critical roles in pricing the recent US-Israel airstrike on Iran during traditional market closures. Polymarket, a prediction market, allowed users to trade on event probabilities—such as the likelihood of a US strike or the closure of the Strait of Hormuz—effectively converting information asymmetry into actionable data. Its probability shifts often preceded asset price movements, serving as an early warning system. Notably, new wallets placed large, profitable bets on conflict outcomes, suggesting potential insider activity. Hyperliquid, a perpetual futures exchange, provided 24/7 trading for commodities like crude oil and gold, which are directly impacted by geopolitical tensions. During the crisis, oil spiked to $71.76 and gold rose, reflecting real-time risk pricing unavailable in traditional markets. The platforms complement each other: Polymarket creates new asset classes for otherwise untradeable events, while Hyperliquid enables continuous trading of traditional assets. Strategies include using Polymarket’s probability shifts as leading indicators for futures positions on Hyperliquid, or using prediction markets to hedge commodity exposures. Beyond trading, these platforms offer societal value by generating transparent, real-time signals that can serve as early warnings for civilians in conflict zones, transforming on-chain finance into a vital information system during crises.

marsbit03/03 10:00

Hyperliquid vs Polymarket: How Do On-Chain Exchanges Price Crises?

marsbit03/03 10:00

Markets Close on Weekends, Risks Never Stop: RWA is Rewriting the Market Clock

On February 28, 2026, a U.S.-Israel airstrike on Iran during a weekend exposed critical vulnerabilities in traditional financial markets. By targeting a weekend—when major exchanges like CME were closed—the attack deliberately suppressed immediate panic-driven selling in stocks and forex, granting authorities a 48-hour window to manage fallout. However, capital swiftly migrated to crypto markets, where gold tokens like XAUT and PAXG on Ethereum saw surging activity, enabling continuous price discovery and hedging absent in traditional systems. This event underscored how Real World Asset (RWA) tokenization is reshaping global financial infrastructure. Unlike traditional T+1/T+2 settlements and limited trading hours, RWAs offer 24/7 liquidity, atomic settlements, and real-time risk management. During the attack, crypto-based gold tokens effectively became price oracles, leading traditional markets upon Monday’s open and allowing arbitrageurs to capitalize on cross-market disparities. The incident highlights RWAs' core value: expanding liquidity across time and reducing systemic gaps. As geopolitical and macroeconomic risks grow, the ability to trade and hedge instantaneously via blockchain—without reliance on legacy clearinghouses or banking hours—becomes a critical advantage. This shift may accelerate institutional adoption of tokenized assets (e.g., bonds, commodities) and hybrid TradFi-DeFi strategies, ultimately redefining global market hours and liquidity access.

比推03/03 04:58

Markets Close on Weekends, Risks Never Stop: RWA is Rewriting the Market Clock

比推03/03 04:58

War, Weekends, and Locked Liquidity: How RWA is Reshaping Global Trading Hours, as Seen from the Iran Airstrike Incident

This article analyzes the 2026 Iran airstrike as a pivotal moment demonstrating how Real World Asset (RWA) tokenization is reshaping global finance by eliminating traditional market hours. The attack, deliberately timed on a weekend when traditional markets (stocks, forex) were closed, created a 48-hour "trading vacuum." This exposed a critical vulnerability: traditional T+1/T+2 settlement systems and reliance on banking hours leave investors as "liquidity prisoners" during off-hours crises, unable to hedge and forced to absorb massive gap risk upon Monday's open. In stark contrast, tokenized gold assets like XAUT and PAXG on blockchain networks experienced a surge in trading, providing continuous, 24/7 price discovery and a crucial hedging mechanism. This event marked a historic shift: for the first time, pricing power for a major commodity like gold temporarily transferred to the digital asset market during a geopolitical crisis. The chain's "settlement equals清算" T+0 logic and atomic swaps allowed instant, global capital movement without counterparty risk. The conclusion is that RWA's core value is the temporal expansion of liquidity. This event will drive traditional institutions, quant funds, and market makers to integrate blockchain-based RWA trading pools to capture alpha and manage risk in a truly 24/365 global market, ultimately rendering obsolete the traditional financial infrastructure bound by working hours.

marsbit03/03 03:46

War, Weekends, and Locked Liquidity: How RWA is Reshaping Global Trading Hours, as Seen from the Iran Airstrike Incident

marsbit03/03 03:46

A Century-Long Journey of an Egg: From Wall Street to Polymarket

The article traces the historical journey of egg futures, once one of the most active commodities traded on Wall Street. Beginning at the Chicago Butter and Egg Board (which later became the CME), egg futures were highly active in the early 20th century. However, by the 1980s, industrial farming and improved supply chains reduced price volatility, leading to the decline of egg futures trading in traditional markets. In 2013, China’s Dalian Commodity Exchange revived egg futures due to market volatility. More recently, egg price speculation has moved to Polymarket, a prediction market platform. One trader, "xcnstrategy," reportedly earned significant profits by shorting egg price intervals, likely leveraging expertise in commodity markets or agriculture. The piece highlights a broader trend: crypto and prediction markets like Polymarket and Hyperliquid are increasingly serving as 24/7 trading venues for traditional assets—including oil, gold, and forex—especially during periods when conventional markets are closed. This was evident during recent U.S.-Iran tensions when traders used these platforms to hedge and price assets amid traditional market closures. The evolution reflects an ongoing shift in price discovery power from established exchanges to decentralized, always-on crypto markets—echoing the original purpose of futures markets: to manage risk and determine prices.

marsbit03/02 10:48

A Century-Long Journey of an Egg: From Wall Street to Polymarket

marsbit03/02 10:48

Undercurrents of Capital in the Midst of Middle East Turmoil: Option Data Reveals BTC's Safe-Haven Logic

Amidst the unprecedented geopolitical shock triggered by the U.S.-Israel military strike on Iran on March 1, 2026, global markets witnessed a classic flight to safety, with oil and gold surging while risk assets faced initial sell-offs. Bitcoin, positioned between its “digital gold” narrative and high-risk asset attributes, showed resilience by holding the key support level of $67,000. Deribit期权数据揭示BTC期权隐含波动率 surged to 51.3%, reflecting heightened expectations of near-term volatility. The significant divergence between the spot price (~$67,400) and the options max pain point at $76,000 indicates persistent institutional bullish sentiment before the crisis. The put/call open interest ratio of 0.75 shows dominant call holdings, while the 24-hour volume put/call ratio of 1.37 reveals tactical hedging via puts amid the crisis. A break below $65,000 could trigger a sell-off due to market maker hedging, potentially testing $60,000. Conversely, if tensions ease, a gamma squeeze above $70,000 could rapidly push BTC toward the $76,000 max pain level. The event underscores Bitcoin’s growing role as a non-sovereign, uncorrelated asset in institutional portfolios amid escalating geopolitical risks.

比推03/02 04:04

Undercurrents of Capital in the Midst of Middle East Turmoil: Option Data Reveals BTC's Safe-Haven Logic

比推03/02 04:04

Matrixport Research: $2.5 Billion Gamma Liquidation Imminent, Liquidity Yet to Return Despite Rebound

This week, Bitcoin's price remained relatively flat, but underlying market structure is shifting. Approximately $2.5 billion in short gamma exposure is set to expire, and $26.7 billion has flowed out of the market since the $89,000 high, indicating a potential position reset. Recent price swings were largely amplified by options market dynamics rather than fundamental improvements. The decline and subsequent rebound were driven by short gamma positioning, where market makers were forced to hedge by selling during downturns and buying during rebounds, intensifying volatility. The $69,000–$70,000 range remains a key resistance zone due to concentrated negative gamma exposure. After these gamma positions expire on February 27th, market drivers may shift from technical factors to liquidity and fundamentals. Despite short-term bullish technical signals, the broader correction is likely ongoing. Sustained outflows—totaling $26.7 billion—suggest this rebound is a tactical pause rather than a trend reversal. Historical patterns show bear markets often include false recoveries. Liquidity remains weak, with daily trading volume around $118 billion compared to the $260 billion typically seen in sustained rallies. For a true recovery, significant capital inflows and improved liquidity are essential.

marsbit02/27 11:23

Matrixport Research: $2.5 Billion Gamma Liquidation Imminent, Liquidity Yet to Return Despite Rebound