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
Over the past 24 hours, liquidations across the entire market totaled $231 million, with long liquidations accounting for more than 60%
Gate News message, April 12, in the past 24 hours total liquidations across the market reached $231 million. Of this, long liquidations were about $142 million, and short liquidations were about $88.3557 million. By coin, Bitcoin liquidations were about $72.2491 million, and Ethereum liquidations were about $63.7792 million.
GateNews56m ago
Recognized sports event contracts are derivatives! The U.S. CFTC blocks local law enforcement and fights for regulatory authority over prediction markets
The U.S. federal government is working jointly with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from local governments to the federal level, arguing that sports event contracts are financial derivatives. If the court backs this position, it will change the legal status of prediction markets and unify nationwide oversight, reducing the influence of state-level gambling laws.
CryptoCity1h ago
Sky 联创 Rune’s Nasdaq 100 short positions are all closed out, and the overall position value has fallen to about $680k
Gate News message. On April 12, according to on-chain data monitoring, Sky (formerly MakerDAO) co-founder Rune’s 7x leveraged Nasdaq 100 short positions have all been closed. He currently still holds 20x leveraged WTI crude oil futures long positions, 7x leveraged Brent crude oil long positions, and 20x leveraged S&P 500 short positions, and all of them are in a loss position. His overall position value has now fallen to about $680k, with an unrealized loss of about $60k, and the return on investment is -21.78%.
GateNews3h ago
In the past 1 hour, $90.75 million in liquidations were triggered across the entire market, with long liquidations accounting for over 93%.
Gate News, April 12. According to Coinglass data, liquidations across all exchanges in the past 1 hour totaled $90.75 million. Of that, long liquidations were $85.0 million, accounting for 93.7% of the total liquidation amount; short liquidations were $5.75 million, accounting for 6.3%.
GateNews4h ago
Court ruling: sports betting contract is a derivative! The U.S. CFTC blocks local law enforcement, seeking regulatory authority over prediction markets
The U.S. federal government is working jointly with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from local governments to the federal level, arguing that sports event contracts are financial derivatives. If the court backs this position, it would change the legal status of prediction markets and standardize regulation nationwide, reducing the impact of local wagering laws.
CryptoCity4h ago
BTC 15-minute drop of 1.75%: Derivatives liquidity deterioration and capital withdrawals in sync weigh on prices
From 01:30 to 01:45 (UTC) on 2026-04-12, the BTC price saw significant volatility within the 71,560.0–73,017.1 USDT range. The candlestick return rate recorded -1.75%, and the amplitude reached 2.00%. During this period, market attention increased, the trading atmosphere clearly became more cautious, and heightened volatility triggered short-term capital vigilance.
The primary driving force behind this unusual move is the continued deterioration of liquidity in the derivatives market: CME futures open interest fell to a 14-month low, and institutional arbitrage capital accelerated its withdrawal. Futures trading volume trended lower over the long run, and arbitrage basis compression caused the market to deepen in…
GateNews5h ago
