According to @ai_9684xtpa, traders should be aware of a key difference in how Open Interest (OI) is calculated between derivatives exchanges Hyperliquid and Binance. Based on tests by @dotyyds1234 and an official reply from @BinanceFutures, Hyperliquid calculates OI by summing both long and short positions, effectively double-counting. In contrast, Binance calculates OI by counting each matched long and short pair only once. When applying Binance's standard methodology, Hyperliquid's comparable Open Interest is $308 million, while Binance's is $169 million. This discrepancy is critical for traders assessing market liquidity and sentiment on different platforms.

According to @EmberCN, a crypto whale who had been inactive for a month after suffering a $17.08 million loss has re-entered the market. The whale reportedly transferred 3.25 million USDC to the decentralized exchange Hyperliquid and opened a short position on Ethereum (ETH) at an entry price of $2,935. This trade was initiated after a significant market rally. The position involves shorting 2,768 ETH, valued at approximately $8.12 million, using 25x leverage, signaling a strong bearish sentiment on ETH from this major market participant.

According to @ai_9684xtpa, a prominent whale who has been shorting Bitcoin (BTC) since March 2025 is actively defending their position against liquidation. After a minor liquidation of 2.89 BTC, the whale added a cumulative 5.5 million USDC in margin on the Hyperliquid platform to protect their remaining short position of 1135.02 BTC, valued at approximately $131 million. The position is currently at an unrealized loss of $9.135 million, with a critical liquidation price set at $121,070 per BTC. This whale's persistence contrasts with another trader who was recently liquidated on a similar short bet.

According to @MilkRoadDaily, the recent success of crypto IPOs, particularly Circle's (CRCL), which saw its market cap surge to $43.9 billion, is signaling a new trend of crypto firms going public, with Gemini and Bullish reportedly following suit (source: Aaron Brogan, Brogan Law). Brogan theorizes Circle's success is due to a "crypto premium" similar to that seen with MicroStrategy (MSTR), potential regulatory clarity for stablecoins from the GENIUS Act, and high Treasury yields boosting its revenue model. Meanwhile, Bitcoin's (BTC) 30-day implied volatility has hit a two-year low, prompting traders like Jimmy Yang of Orbit Markets to suggest that the "calm rarely lasts" and positioning for a volatility spike could be a key strategy. Supporting broader adoption, a CoinShares survey reveals nearly 90% of crypto holders plan to increase their allocation (source: Jean-Marie Mognetti, CoinShares), and spot BTC ETFs continue to see strong inflows, recording $501.2 million in a single day (source: Farside Investors). On the derivatives front, while funding rates are cautiously bullish, a drop in BTC open interest alongside price gains and increased demand for put options suggests some traders are hedging against potential downside risk (source: Omkar Godbole, Derive data).

According to @CoinbaseIntExch, the exchange is set to launch regulated perpetual-style futures contracts for Bitcoin (BTC) and Ethereum (ETH) in the U.S. starting July 21. These CFTC-regulated instruments will trade on the Coinbase Derivatives Exchange and are structured as five-year futures that mimic perpetual swaps via a funding rate mechanism, offering U.S. traders a new vehicle for 24/7 derivatives trading. In a separate bullish signal, Coinbase CEO Brian Armstrong confirmed the company is accumulating more Bitcoin weekly, adding to its nearly $1 billion BTC holdings. Furthermore, Coinbase Derivatives is collaborating with Nodal Clear to integrate the USDC stablecoin as collateral for U.S. futures trades, targeting a 2026 launch. This move, pending CFTC approval, would mark the first time a stablecoin is accepted as collateral in the regulated U.S. futures market, aiming to enhance capital efficiency for traders.

According to @AltcoinGordon, key trading signals emerge as Ethereum (ETH) developers propose EIP-7782 to potentially double network speed by cutting block times to six seconds. Matter Labs' new 'Airbender' prover for ZKsync promises to reduce transaction fees by proving Ethereum blocks in just 35 seconds, as cited in the report. On the market front, James Van Straten notes that Bitcoin (BTC) is holding steady around $105,000, supported by a growing corporate treasury narrative, with 27 new entities adding BTC in the last 30 days. Derivatives data from Velo shows dense leverage between $103K and $106K for BTC, suggesting a high risk of sharp price moves upon a range break. In crypto-related equities, investment firm Bernstein raised its price target for Coinbase (COIN) to $510, while MicroStrategy (MSTR) experiences its lowest volatility since 2020, according to Bitwise. Technically, Ether (ETH) is testing its 200-day EMA, with a reclaim of the monthly open needed to signal bullish momentum.

According to @Andre_Dragosch, Bitcoin (BTC) received a temporary boost from easing geopolitical tensions, hovering around $106,000, but analysts offer divergent views on its next move. A report from CryptoQuant warns that Bitcoin could drop to $92,000 or lower if demand fails to rebound, citing a 60% decline in ETF flows since April, a slowdown in whale buying, and significant selling from short-term holders. In contrast, analytics firm Glassnode suggests subdued on-chain activity could indicate a more mature market dominated by institutions. From a technical perspective, BTC has reclaimed its monthly open above the 50-day EMA but faces resistance at the 20-day EMA. A successful break could target the $109,000 resistance level. Derivatives data from Coinglass shows $131.89 million in 24-hour liquidations, with 56% being shorts, suggesting some leveraged shorts were squeezed.

According to @CoinbaseIntExch, the crypto exchange is set to launch perpetual-style futures contracts for Bitcoin (BTC) and Ether (ETH) in the United States on July 21. These CFTC-regulated instruments will trade on the Coinbase Derivatives Exchange and are structured as five-year futures that mimic perpetual swaps through a funding rate mechanism, offering U.S. traders regulated access to a globally popular derivatives product. In a separate bullish signal for the market, Coinbase CEO Brian Armstrong confirmed the company is buying more Bitcoin every week. This follows a previous disclosure that the firm purchased $150 million in crypto, mostly BTC, in Q1 2025. The exchange currently holds 9,257 BTC, worth nearly $1 billion, on its corporate balance sheet, positioning it as a top 10 publicly-listed holder of the asset.

According to @lookonchain, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, turned a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. The trader was caught as Bitcoin's price dropped 4% from a high of $108,800 to around $104,000, as cited in the report. This event highlights the significant risks of using leverage in a market that has been range-bound between the $100,000 support level and $110,000 resistance since May 9. The source also reports this is not the first major loss for the trader, who previously saw a $5.8 million unrealized gain turn into a $12.5 million loss on another BTC long. This incident serves as a cautionary tale on the perils of high-leverage trading in choppy, range-bound conditions.

According to Francisco Rodrigues, cryptocurrencies declined sharply as Israeli airstrikes on Iran escalated geopolitical tensions, with the broad crypto market index falling 6.1% and bitcoin dropping 2.9% over 24 hours based on market data. Solana's SOL plunged nearly 9.5%, reversing gains from SEC ETF filing updates, while Bloomberg ETF analysts Eric Balchunas and James Seyffart assign a 90% probability of SOL ETF approval by year-end. Derivatives data from Velo shows open interest dropping to $49.31 billion, and Deribit indicates increased demand for downside protection with BTC and ETH put/call ratios rising to 1.28 and 1.25 respectively. Coinglass reports $1.16 billion in liquidations, predominantly from long positions, amid elevated leverage risks. Upcoming token unlocks and regulatory events could drive further volatility.

According to Francisco Rodrigues, bitcoin (BTC) fell 2.9% over 24 hours due to Israeli airstrikes on Iran escalating geopolitical risks, with the broad crypto market index losing 6.1%. Solana (SOL) dropped 9.5% despite earlier gains from SEC ETF filing updates, and Velo data shows derivatives open interest plunged to $49.31 billion amid increased defensive positioning. Deribit reports rising BTC and ETH put/call ratios at 1.28 and 1.25, signaling higher demand for downside protection, while spot BTC and ETH ETFs saw $939 million and $811 million in net inflows month-to-date, according to Farside Investors.

According to Francisco Rodrigues, bitcoin (BTC) rose nearly 1.7% to approach $107,000, driven by a U.S.-brokered ceasefire between Iran and Israel that lifted global risk assets. Susannah Streeter noted doubts about the truce holding due to a leaked U.S. intelligence report, potentially reigniting market volatility. Federal Reserve Chair Jerome Powell emphasized patience on interest-rate cuts, citing elevated inflation and tariff risks, which Bitunix analysts stated supports short-term risk assets but requires monitoring of upcoming data. Traders are eyeing Powell's Senate testimony and derivatives activity, with options indicating expectations of tight price action around $100,000-$105,000 alongside modest bullish calls for higher levels.

According to Francisco Rodrigues, Bitcoin (BTC) rose to near $107,000 amid a relief rally in global markets following a US-brokered ceasefire between Iran and Israel, reducing immediate oil supply concerns and lifting the broader crypto index by 1%. However, Susannah Streeter of Hargreaves Lansdown noted that doubts about the truce holding persist due to a leaked U.S. intelligence report on Iran's nuclear capabilities, potentially resuming military actions. Federal Reserve Chair Jerome Powell emphasized a patient approach to interest rate cuts, citing elevated inflation and tariff pressures, which Bitunix analysts stated supports risk assets but requires monitoring upcoming inflation data and tariff developments. Spot BTC ETFs saw $588.6 million in daily net inflows, according to Farside Investors, while Jake O from Wintermute reported derivatives traders are positioned neutrally with expectations of tight price action between $100,000 and $105,000, though call option buying indicates modest bullishness.

According to Francisco Rodrigues, cryptocurrencies declined sharply due to Israeli airstrikes on Iran, with bitcoin (BTC) falling 2.9% and the CoinDesk 20 Index losing 6.1% over 24 hours, as global risk aversion intensified. Solana (SOL) dropped nearly 9.5% despite earlier gains from Solana ETF speculation, as Jake Ostrovskis of Wintermute noted, while spot BTC ETFs saw $86.3 million in daily net inflows per Farside Investors data. Derivative open interest fell to $49.31 billion, with put/call ratios rising to 1.28 for BTC and 1.25 for ETH on Deribit, indicating increased demand for downside protection.

According to Francisco Rodrigues, Bitcoin approached $107,000 amid a relief rally in global markets following a U.S.-brokered ceasefire between Iran and Israel. Susannah Streeter, head of money markets at Hargreaves Lansdown, noted doubts about the truce holding due to U.S. intelligence reports on Iran's nuclear capabilities. Federal Reserve Chair Jerome Powell emphasized a wait-and-see approach on interest-rate cuts, which Bitunix analysts stated supports risk assets but requires monitoring of inflation and tariffs. U.S. consumer-confidence data softened, increasing the perceived chance of a July rate cut to 20%, as per the CME FedWatch tool. Derivatives activity indicates a neutral market with tight price action expected around $100,000-$105,000, according to Jake O from Wintermute, though call option buying suggests modest bullish sentiment.

According to James Van Straten, Bitcoin (BTC) remains stable around $105,000, unaffected by the Federal Reserve's decision to hold interest rates steady and ongoing geopolitical tensions in the Middle East. The Fed signaled slower GDP growth at 1.4% and higher inflation, with fewer rate cuts expected through 2027, per its dot plot. Bitcoin's resilience is supported by increasing corporate treasury holdings, now totaling 235 entities, a rise of 27 in 30 days. However, derivatives data from Velo indicates caution, with open interest at $55.3 billion, below the June 11 peak of $65.9 billion, and a BTC put/call ratio of 1.13 suggesting bearish sentiment near key price levels.

According to Crypto Rover, the crypto market experienced $200 million in liquidations within the past 60 minutes, indicating a significant surge in volatility and potential cascading stop-loss triggers. Traders should closely monitor price action for BTC and ETH, as large-scale liquidations often precede sharp price corrections or rebounds depending on leveraged positions and liquidity depth (source: Crypto Rover on Twitter, June 20, 2025). This event highlights increased risk in crypto derivatives trading and may present short-term swing trading opportunities for active market participants.

According to Francisco Rodrigues, Bitcoin (BTC) dropped 2.9% to $104,889 as Israeli airstrikes on Iran triggered a global risk-off sentiment, causing the broad crypto market index to lose 6.1%. Gold futures rose 1.3%, highlighting a flight to safety, while Solana (SOL) fell 9.5% despite earlier ETF approval optimism. Derivatives data showed increased demand for downside protection, with BTC put/call ratio at 1.28 and open interest dropping to $49.31 billion. Spot BTC ETFs recorded $86.3 million in daily net inflows, underscoring ongoing institutional interest amid geopolitical tensions.

According to Francisco Rodrigues, cryptocurrencies faced significant declines as Israeli airstrikes on Iran triggered global risk aversion, with bitcoin (BTC) dropping 2.9% and the CoinDesk 20 Index falling 6.1% over 24 hours. Gold futures rose 1.3%, indicating a flight to traditional safe havens. Jake Ostrovskis of Wintermute highlighted that Solana's SOL had rallied on SEC ETF filing updates but fell 9.5% amid the sell-off, while Bloomberg ETF analysts Eric Balchunas and James Seyffart maintained a 90% approval probability. Velo data showed derivatives open interest dropping to $49.31 billion, with negative funding rates for altcoins like DOT and LINK, amplifying downside risks for traders monitoring Middle East tensions and upcoming token unlocks.

According to Flood (@ThinkingUSD), Hyperliquid currently holds less than 5% of the global perpetual swap market share, indicating significant room for growth in the decentralized exchange sector. The tweet highlights that most investors tend to underinvest during early exponential phases, suggesting that Hyperliquid's current position presents a unique trading opportunity. If Hyperliquid achieves a 50% market share, with increased trading flow from multiple front-end integrations, revenue could exceed $10 billion (source: Twitter/@ThinkingUSD, June 10, 2025). Traders should monitor Hyperliquid's market share trajectory, as rapid adoption could trigger major shifts in on-chain derivatives trading volumes and liquidity.