Gate News, March 9 — According to Bloomberg, the cryptocurrency market has once again become the only public window for traders to gauge the ongoing Middle East conflict risk. As the Iran war continues, contracts tracking crude oil, gold, and silver on the Hyperliquid platform have experienced significant volatility. These contracts are perpetual futures on Hyperliquid, which has become one of the world’s largest 24-hour derivatives trading venues. Perpetual contracts track asset prices but never expire, allowing traders to hold leveraged positions without liquidation delays, settled in stablecoins such as USDC pegged to the US dollar. Although trading volume remains far below that of traditional commodities markets, activity has noticeably increased since the conflict erupted. Over the weekend, commodity price fluctuations on Hyperliquid were mainly driven by retail and crypto-native traders, serving as real-time indicators of market sentiment, though their reference value is limited. Observers focused on the crypto market say these platforms also provide a reference model for “around-the-clock trading” that could be adopted by traditional markets, with some traditional trading platforms exploring the possibility of offering continuous trading.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hyperliquid’s largest long-position take-profit has been executed for realized profits of $7.76 million
Gate News message. On April 14, according to on-chain analyst Yu Jin’s monitoring, after Hyperliquid’s largest long position saw a significant rise today in Bitcoin (BTC) and Ethereum (ETH), it closed long positions within the past half hour, selling 1,050 BTC and 6,000 ETH, for total realized profits of $7.76 million. Currently, this long account still holds 114,000 ETH long contracts, worth about $272 million, with an unrealized gain on open positions as high as $34.40 million.
GateNews3h ago
Giant whales holding assets worth over $100 million are increasing their positions in BTC and taking short positions in ETH, with a cumulative loss of over $66.19 million
According to OnchainLens monitoring, on April 14, a whale that opened a short position of 255 BTC increased its BTC and ETH short positions. Its current unrealized loss is over $4 million, its cumulative loss is over $66.19 million, and the value of the BTC and ETH it holds is $76.70 million and $24.40 million, respectively.
GateNews10h ago
Trader 0x3386 Faces Multiple Liquidations in Hours, Continues High-Leverage ETH Short Position
Gate News message, According to Lookonchain, trader 0x3386 experienced 8 liquidations within several hours. The account currently holds only $10.6K remaining. The trader maintains a high-leverage short position on $ETH with a new liquidation price at $2,399.37. Previously, the trader opened a 25x sh
GateNews10h ago
Why Is Bitcoin Up Today? Hormuz Blockade Triggers Short Squeeze and a BTC Test of $75k
On April 13, Bitcoin rose from its early-session low of 70,741 to trade as high as $74,900 during the session, approaching the $75,000 level. The main drivers came from two directions: after Trump ordered the blockade of the Strait of Hormuz, traders began to view Bitcoin as a geopolitical hedge asset; and a massive net short position that had been building as funding rates stayed persistently negative was met with liquidation, triggering a chain of liquidations totaling millions of dollars near the $70,000 support level.
MarketWhisper11h ago
ETH jumps 1.45% in 15 minutes: large on-chain transfers and options expiration in sync push prices higher
2026-04-13 23:15 to 2026-04-13 23:30 (UTC), the ETH spot price rose rapidly, with the range return reaching +1.45%, closing at 2394.15 USDT. The high-low range was 2347.17–2394.15 USDT, with a swing of 2.00%. Short-term volatility suddenly surged, market attention increased, on-chain activity and derivatives sentiment moved in clear sync, resulting in a high-density resonance.
The main driver behind this anomaly is that multiple on-chain transfers of more than 10,000 ETH occurred in a concentrated manner, with funds actively flowing to exchanges, forming a strong @E0@
GateNews13h ago
