A giant whale recently deployed large-scale hedging positions on-chain, including $30.4 million in BTC long positions and $23.2 million in HYPE short positions, for a total size of about $53 million. As HYPE rises, this portfolio faces losses, with a net loss of roughly $300k. Previously, this address profited $37.1 million across a variety of altcoins using a similar strategy.

The Chicago Mercantile Exchange’s Bitcoin futures market has continued to weaken. In March 2026, the daily average open interest fell to $7.2 billion, hitting a new low since February 2024, and has been declining for five straight months. The main reason is the large-scale unwinding of basis trades, which eliminated the arbitrage spread and caused leveraged capital to exit.

From 2026-04-09 08:30 to 2026-04-09 08:45 (UTC), BTC surged quickly within the USDT 70979.6 to 71333.3 range. The 15-minute return was +0.49%, with a range (amplitude) of 0.50%. Near-term market volatility intensified, market attention increased significantly, the number of active on-chain addresses remained consistently above 120k, and daily trading volume exceeded $2.0 billion, reflecting rising user participation. The main driving force behind this abnormal move was a large-scale liquidation of short positions in the futures market, with approximately $273 million in short funds being forced to liquidate during this period

April 8, the U.S. SOL spot ETF saw a daily net outflow of $1.9208 million, including a $867.1k outflow from the Grayscale Solana Trust and a $779.6k outflow from the Bitwise Solana Staking ETF. Currently, the SOL spot ETF’s total net asset value is $794 million, and its historical cumulative net inflows total $963 million.

Gate News message: On April 8, according to some CEX price data, Bitcoin fell below 71,000 USDT and is currently trading at 70,997.66 USDT, with a daily decline of 1.29%.

Gate News message, according to data ranking top L1 chains by average daily active users in Q1 2025, BNB Chain ranks first with 4.5 million daily average users, TRON takes second place with 3.2 million users, and NEAR Protocol secures third position with 2.5 million users. Solana and Sei Network ran

Gate News message, according to an official Gate announcement dated April 7, 2026 Gate launches the 10th limited-time reward campaign for new minters of GUSD. New users who mint using USDT or USDC can earn up to 100% annualized returns. The campaign runs from April 7, 2026 at 16:00 to April 8, 2026 at 16:00 (UTC+8). GUSD is a Gate-launched demand, capital-protected wealth management product. Users obtain GUSD yield certificates by minting USDT/USDC, and when redeeming, they are exchanged 1:1 for USDT/USDC. Product earnings come from high-quality yield assets supported by Gate ecosystem revenue, Treasury RWA, and stablecoin backing. Users can redeem at any time; fast redemptions typically settle within 5 minutes, while standard redemptions settle in D+3 days. In addition, GUSD participating in other wealth management products such as Launchpool and Launchpad can, during the investment period, simultaneously receive the corresponding product earnings, GUSD minting earnings, and campaign rewards. The annualized return rate is dynamically adjusted based on Gate ecosystem revenue and market conditions, and any additional rewards are distributed to users’ accounts in GT on a daily basis.

Gate News update, April 7, global payments platform Paysafe announced the launch of a "Pay with Crypto" crypto payment solution, mainly targeting the U.S. iGaming and daily fantasy sports markets, enabling users to fund their accounts using stablecoins and major cryptocurrencies. Data shows that about 70.4 million U.S. adults hold cryptocurrencies, and 83% of players are interested in crypto payments. Users can complete payments by connecting a crypto wallet or scanning a QR code, and the system will automatically complete the fiat conversion after the transaction is confirmed.

Gate News message. On April 7, according to chart data released by independent analyst Markus Thielen, crypto spot trading volumes have continued to decline. Average daily trading value has fallen from $41.0 billion in December 2024 to $26.6 billion in October 2025, and over the past 30 days it has further dropped to $8.0 billion. The data shows that spot trading activity has continued to contract.

2026-04-06 16:45 to 17:00 (UTC), BTC recorded a return of -0.47% within 15 minutes. The price fluctuation range was 69782.3-70351.7 USDT, with an overall amplitude of 0.81%. Market attention rose rapidly; trading volume expanded in the short term, volatility intensified, and investors’ risk appetite fell significantly. The main driver of this unusual move was large outflows of on-chain funds and deep holders transferring BTC to trading platforms. Daily on-chain trading volume surged to approximately $37.4 billion, the highest in nearly 7 months. During the Americas trading session, the order book overall fl