Gate News reports that on March 10, Hyperinsight monitoring showed that over the past 4 hours, an address starting with 0x58c has been continuously building a long position on cash:USA500 (S&P 500 mapped contract, with the S&P 500 as the benchmark index for the US stock market) with 20x leverage during US stock market hours. The position size has reached $1 million, with an average price of $6,773. Additionally, this address also holds a long position on km:SMALL2000 (Russell 2000 mapped contract, representing the US small-cap stock index), approximately $220,000 in size, while also bullish on the US stock market and small caps.
Hyperliquid data shows that the contract is currently trading at $6,806, slightly above today’s S&P 500 closing price of about $6,795. During market close, when on-chain contract prices slightly declined, this address previously bought near $6,756.
Besides US stocks, the address has also set up an oil hedge portfolio: going long xyz:BRENTOIL (Brent crude oil, one of the international oil benchmark prices) while shorting km:USOIL (WTI crude oil, the US oil benchmark price), with a related position size of $1.4 million.
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
Ethereum Futures Open Interest Hits $25.4B as Institutions Build Positions, But Perpetual Funding Rates Signal Caution
Ethereum remains above $2,300, with rising futures open interest and substantial ETF inflows. However, low perpetual contract funding rates and declining DApp revenue indicate waning confidence and potential price pressure amid stiff competition.
GateNews53m ago
BTC 15-minute up 0.46%: spot trading volume expansion and derivatives long position buildup as two drivers
From 2026-04-15 19:30 to 19:45 (UTC), the BTC price fluctuated between 74,706.2 and 75,276.9 USDT. Within 15 minutes, the return reached +0.46%, and the range was 0.76%. Trading activity in the market for this window was active: spot trading volume rose 18% compared with the previous hour’s average. Volatility increased in the short term, and overall market attention improved.
The main drivers behind this abnormal move are the short-term amplification of spot market trading volume and the coordinated increase in long positions in the derivatives market. Derivatives futures open interest (Open Interest) during this period, on a month-over-month basis,
GateNews5h ago
Crypto Market Sees $257M in Liquidations in 24 Hours, Long Positions Hit Hardest
The cryptocurrency market experienced $257 million in liquidations within 24 hours, with longs at $163 million and shorts at $93.82 million. Bitcoin and Ethereum had significant liquidations, totaling $55.59 million and $43.59 million, respectively.
GateNews9h ago
BTC 15-minute drop of 0.62%: Exchange net inflows and liquidity depletion in sync trigger selling pressure
2026-04-15 14:30 to 2026-04-15 14:45 (UTC), the BTC price’s return over 15 minutes was -0.62%. The quoted range was 73,905.4 to 74,448.0 USDT, with a swing of 0.73%. Market volatility quickly intensified, drawing widespread attention from investors, and short-term trading activity became active.
The main driver behind this unusual movement was BTC net inflows to exchanges. On-chain data shows that during this period, about 6 BTC ($420,690) moved into exchanges, combined with the fact that the market’s overall order book depth has been continuing since February
GateNews10h ago
BTC 15-minute drop of 0.70%: Increased ETF fund outflows and a coordinated sell-pressure trigger from derivatives position adjustments
From 2026-04-15 13:30 to 13:45 (UTC), the BTC price fluctuated within the range of 73,846.3 to 74,415.9 USDT. Within 15 minutes, the return recorded -0.70%, with an amplitude of 0.77%. During this period, market volatility intensified, trading volume and on-chain transfers heated up significantly, and market participants’ risk sensitivity increased.
The main driving force behind this unusual move was a sharp increase in ETF fund outflows. Data shows that on 2026-04-13, U.S. spot Bitcoin ETFs recorded net outflows of -231.7 million dollars, far above the one-week average
GateNews11h ago
ETH 15-minute pullback of 0.60%: Long leverage getting liquidated at high levels as whale short-term selling aligns, driving the move downward
From 13:30 to 13:45 (UTC) on 2026-04-15, ETH recorded a -0.60% return at a short-term high, and the price fluctuated within 2317.79 - 2333.92 USDT, with an amplitude reaching 0.69%. In the preceding 24 hours, ETH had risen strongly, with the highest gain reaching 9.5%, and market attention noticeably heated up. The negative return during this period reflects a rapid shift in local sentiment in the high-price area.
The main driver behind this move is long liquidation profit-taking in the derivatives market and partial deleveraging (cutting) of local leveraged funds. In the ETH futures market over the past 24 hours, the shorts
GateNews11h ago
