In the past hour, nearly $6 million in SPCX contract liquidations occurred across the entire network, exceeding the figures for BTC and ETH during the same period.
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On the eve of SPCX's inclusion in the Nasdaq: Retail investors tend to be bullish and chase the rally, but whale place a $4.4 million sell order above.
According to BlockBeats, on July 7th, Hyperinsight monitoring showed that SPCX would be officially included in the Nasdaq 100 index before the US stock market opened today. However, Hyperliquid showed no signs of a one-sided long position. As of press time, SPCX was trading at $156.2, with a 24-hour trading volume of approximately $290 million. The large order book structure shows approximately $4.96 million in short covering buy orders in the $135-$155 range, while approximately $4.45 million in sell orders are located above this range of $156.3-$175.0. The SPCX order book is as follows: - Short covering/profit-taking buy orders: 116 orders, price range $135.0 - $155.1, approximately $4.95 million; - Sell orders at the top: 26 orders, price range $156.3 - $175.0, approximately $4.44 million; - Below are 17 buy orders, with a price range of $147.5 - $155.9, totaling approximately $1.8 million. Among the three types of orders, short covering buy orders ranked first in both number and size. Coupled with selling pressure above, large funds intend to "distribute at higher prices and buy back at lower prices". On the open interest side, there is a stratification between long and short positions, with the degree of shortness increasing progressively with position size, indicating that retail investors tend to be bullish. - Fully visible positions of $100,000 or more: 183 trades, totaling approximately $141 million, with a short/long ratio of approximately 1.15; - Large positions exceeding $1 million: 17 transactions, totaling approximately $55.76 million, with a short/long ratio of approximately 2.06; - Small to medium positions of $100,000 to $1,000,000: Long/Short ratio of approximately 1.25, which is the only level with a net bullish bias. At the whale cost line, the weighted cost of large long positions is about $164.59 and the weighted cost of short positions is about $169.68, both higher than the current price. Short positions are generally in profit while long positions are generally trapped. On the liquidation line, the most recent short liquidations are concentrated around $195.7 to $198.0, totaling approximately $10.44 million; long liquidations are mainly located around $97 and $110, both of which are far from the current price.
One hour before Trump's statement, a short position of 21 million (long oil, short Nasdaq) saw significant profits after investors added to their short positions.
According to BlockBeats, on July 8th, Hyperinsight monitoring showed that an address starting with 0xec4 had already established a long position in Brent crude oil with 20x leverage two days prior. Then, approximately one hour before Trump's Middle East statements triggered a market surge, a short position in the Nasdaq 100 was significantly increased with 30x leverage. Subsequently, oil prices jumped, and risk assets came under pressure, leading to profit-taking on both sides. As of press time, the two highly leveraged positions at this address had a combined unrealized profit of approximately $510,000. The return on the Brent crude oil long position reached 189%, and the return on the Nasdaq 100 short position reached 37%. The entry times were as follows: July 6th afternoon: Brent crude oil long position established with 20x leverage; July 7th evening: Nasdaq 100 mapped contract (XYZ100) opened with a base position of approximately 200 contracts with 30x leverage; This afternoon (approximately 1 hour before the statement): Significantly increased short positions, pushing the XYZ100 short position to 600 contracts, valued at approximately $17.304 million, completing the setup just before the news was released. On the news front, Trump's latest statement indicated that the temporary ceasefire arrangements between the US and Iran may have ended, and the market re-priced in Middle East geopolitical risk premiums. Reports indicate that crude oil futures jumped approximately 5% after the statement. Current core positions: Brent crude oil (BRENTOIL) long positions: 50,000 contracts, approximately $3.915 million, average price $71.8645, liquidation price $37.26, unrealized profit approximately $322,000; Nasdaq 100 mapped contract (XYZ100) short positions: 600 contracts, approximately $17.304 million, average price $29,108.44, liquidation price $32,119.96, unrealized profit approximately $161,000.
Ondo Perps' public beta launch saw $100 million in trading volume within 24 hours.
Odaily Odaily that Ondo Perps achieved a trading volume of $100 million within 24 hours of its public beta launch, with thousands of traders participating since then. Built on Ondo Finance technology, Ondo Perps is a platform that allows users to directly use tokenized stocks and ETF holdings as margin for perpetual contracts, offering non-US investors up to 20x leverage and covering popular assets such as Tesla (TSLA), Nvidia (NVDA), and Apple (AAPL), as well as commodities like gold and silver.
TAC, a project already listed on Binance Alpha and its contracts, plummeted 80% in one hour.
PANews reported on July 8th that, according to Binance Alpha data, TAC Protocol (TAC) plummeted by approximately 80% in the past hour, currently trading at $0.006. TAC will begin trading on Binance Alpha on July 15, 2025, simultaneously launching the TACUSDT perpetual contract. TAC is a blockchain connecting EVM decentralized applications with the TON and Telegram ecosystems, aiming to allow Ethereum applications to seamlessly integrate with the TON network. As of now, the official explanation for this significant price fluctuation has not been provided.