BlockBeats News, March 2 — As the US-Iran conflict escalates and traditional financial markets close for the weekend, the crypto derivatives platform Hyperliquid has become a key venue for investors to hedge commodity risks.
According to Bloomberg, around the time the conflict erupted on February 28, a large number of crypto traders flocked to Hyperliquid, trading perpetual contracts linked to oil, gold, and other commodities to respond to geopolitical shocks. Because perpetual contracts have no expiration date and support 24/7 continuous trading, they became the only real-time hedging tool available during traditional market closures.
Previously, senior investment executive Avi Felman predicted, “Hyperliquid will become indispensable for fund managers because it operates 24/7 without halting.” This prediction was validated during the current Middle East crisis — when global mainstream commodity and forex markets closed, the crypto futures market took on the functions of price discovery and risk hedging.
Analysts believe that this kind of “wartime liquidity testing” is strengthening the role of crypto derivatives markets within the global macro risk system.
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
Trader 0xF35A Liquidated on $20.19M Brent Oil Long Position, Loses $3.21M
Gate News bot message, Trader 0xF35A has been fully liquidated on a 5x leveraged long position of 189,904 xyz:BRENTOIL valued at $20.19 million, resulting in a loss of approximately $3.21 million. The position was opened four days ago on Hyperliquid after depositing 4.105 million USDC. The liquidati
GateNews2m ago
In the past 24 hours, $836 million in liquidations occurred across the network, with long position liquidations accounting for 52%.
Over the past 24 hours, the cryptocurrency market saw liquidations totaling $836 million, with long positions accounting for $438 million and short positions $398 million. BTC and ETH were liquidated for $261 million and $209 million respectively, affecting a total of 202,130 traders. The largest single liquidation occurred on ETHUSDT_UMCBL, valued at $16.275 million.
GateNews4m ago
ETH up 0.95% in 15 minutes: Whale transfers and short liquidations resonate to push prices higher
Between 2026-03-23 12:30 and 12:45 (UTC), ETH recorded a +0.95% return rate, with a price range of 2120.7–2147.02 USDT and a volatility amplitude of 1.24%. During this period, market attention increased significantly, with intensified capital flows and volatility, and increased short-term trading activity.
The primary drivers of this price movement were large on-chain transfers and position structure adjustments in the derivatives market. Whales collectively transferred 30,354 ETH into new wallets, causing changes to market liquidity structure, which drove spot trading and expected volatility upward. Meanwhile, perpetual futures funding
GateNews3h ago
BTC 15-minute decline of 0.76%: Extreme short positions and surging exchange net inflows resonate to release spot selling pressure
Between 2026-03-23 11:45 and 12:00 (UTC), BTC yield recorded -0.76%, with the K-line price range fluctuating between 70058.1 and 70697.0 USDT, reaching an amplitude of 0.90%. Market sentiment shifted to caution over the short cycle, with volatility significantly intensifying. Attention increased during this period, with changes in capital structure triggering a rapid market reaction.
The primary driver of this anomaly is significant concentration of short positions in the derivatives market and abnormal funding rates. On the derivatives positioning side, the funding rate remained at a continuous -6%, significantly below the 30-day average, with short positions
GateNews3h ago
In the past 1 hour, the entire network liquidated 359 million USD, with short liquidations of 264 million USD.
Gate News: On March 23rd, according to Coinglass data, the entire network experienced liquidations of $359 million in the past hour, of which short position liquidations accounted for $264 million.
GateNews4h ago
ETH Price Movement Analysis
# ETH 2026-03-23 11:00–11:15（UTC）Price Anomaly Deep Attribution Report
## I. Event Overview
During the period from 11:00 to 11:15 (UTC) on March 23, 2026, ETH experienced a notable price anomaly with a +5.86% return within 15 minutes. This report will systematically analyze the causes of this price movement based on quantitative metrics including on-chain data, trading volume, position changes, and capital flows, combined with relevant market events. It will also provide a structured risk attribution analysis.
---
## II. On-Chain and Market
GateNews4h ago
