Data: In the past 24 hours, the entire network has been liquidated by $595 million, with long positions liquidated by $113 million and short positions liquidated by $482 million.

Perp DEX Becomes Largest Battlefield on Blockchain, Derivatives Volume 10 Times Spot Trading Sparks Competition

Cryptocurrency derivatives trading volume has significantly surpassed spot trading, making perpetual futures decentralized exchanges (Perp DEX) a core battleground for blockchains. Major public chains including BNB Chain's Aster, Aptos's Decibel, and Hyperliquid have begun deploying Perp DEX to enhance liquidity and trading environments. However, liquidity tends to concentrate among a few dominant platforms. In the future, platforms offering unique yields may emerge as long-term winners.

Crypto market rebounds this morning, BTC touches $72,000, funding rates return to neutral

The crypto market rebounded on March 13, with Bitcoin recovering to 72,000 USD and Ethereum recovering to 2148 USD. Funding rates on major exchanges returned to neutral levels, indicating that bearish sentiment has eased. The funding rate is a mechanism that adjusts the relationship between contract prices and asset prices.

A trader reduced their holdings of nearly 30,000 Brent crude oil short positions this morning, equivalent to approximately $5.4 million.

On March 13, according to HyperInsight monitoring, a trader reduced nearly $30,000 worth of BRENTOIL short positions, currently holding 95,000 WTI crude oil short contracts. The trader anticipated oil price pullback, first adding to WTI positions during price rallies and then reducing BRENTOIL positions during pullbacks, demonstrating their assessment of market dynamics.

Over the past 24 hours, the entire network liquidated $254 million, with short liquidations accounting for nearly 68% of the total.

Recently, Gate News reported that the entire network experienced liquidations totaling $254 million over the past 24 hours, with long liquidations accounting for $82.0731 million and short liquidations accounting for $172 million. Bitcoin and Ethereum both experienced significant liquidations, affecting 78,105 people globally. The largest single liquidation occurred on the Hyperliquid platform, valued at $4.2402 million.

US semiconductor sector down 2.66%, on-chain NVDA and MU largest long positions temporarily in loss

On March 13th, due to Middle East geopolitical conflict, the U.S. stock semiconductor sector fell 2.66% overall. Nvidia declined 1.5%, and Micron Technology dropped 3.2%. Affected by this, related futures prices also declined, but recovered somewhat after hours. Continue Capital's related addresses held approximately $14.5 million in long positions, which turned from gains to losses during the session and then returned to floating gains.

Bitcoin Strong Rebound to 72,033 USD, Short Positions Liquidated 178 Million, Gold Decline Reveals "Risk-Off Rotation"

Bitcoin surged to 72,033 USD this morning, then pulled back slightly to 71,682 USD, while Ethereum broke through 2,100 USD, reaching a high of 2,150 USD. The futures market saw 256 million USD in liquidations over 24 hours, with short positions being primarily closed. Risk-off capital is shifting from gold to crypto assets, indicating a reallocation of funds. Analysts point out that if Bitcoin can hold steady above 72,000 USD, it could rally further, while instability could lead to a retest of 68,500 USD.