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The prediction market platform Polymarket officially launches perpetual futures trading, covering cryptocurrencies, stocks, indices, and commodities, with a maximum leverage of 20 times.

According to market news, the new address "0x9807...19c9D" withdrew approximately 44.19 million ENA from Coinbase about 4 hours ago, worth approximately 6.82 million dollars, and staked all the tokens to the Ethereum-based stablecoin protocol Ethena contract about 3 hours ago.

According to monitoring by Lookonchain, James Wynn has switched from shorting to going long on BTC. He closed a short position of 1.33 BTC (approximately $103,000) with a loss of about $1,500, and then opened a long position of 1.86 BTC (approximately $147,000) with 30x leverage, with a liquidation price of $77,243.53.

According to the official announcement, Bitget has launched the U-based "Bull Coming" perpetual contract, supporting up to 10x leverage, and the contract trading Bot will be opened simultaneously. For more details, please refer to the Bitget official platform.

According to monitoring by Lookonchain, James Wynn (0x507...edb6) opened a 20x leveraged Bitcoin short position, shorting 1.33 Bitcoins with a nominal value of $103,000, and a liquidation price of $80,483.47.

According to Lookonchain monitoring, a certain address created a new wallet and deposited 4 million USDC, shorting 300 BTC with 30x leverage, with a position value of 23.76 million dollars and a liquidation price of 90,820.04 dollars.

The privacy and regulatory compliance tool supported by the Ethereum Foundation, 0xbow.io, awarded a $5,000 bounty to researcher ross.wei for disclosing a vulnerability in the Privacy Pools v1 SDK.The vulnerability reduced the entropy of the user account master key generation and was fixed in March. The team has provided a migration process, and there have been no reported losses of user funds.

According to Ai Yi's monitoring, trader Trader-DoshiAtoll has once again stopped loss on 100 BTC short positions this morning, with a loss of approximately 1.335 million USD, and the related short opening price dropped to a minimum of 67,338.1 USD.Currently, this trader only has 198 BTC of 40x leverage short positions left, with a position value of approximately 13.47 million USD, a liquidation price of about 81,000 USD, and a current floating loss of approximately 2.514 million USD. In the past 30 days, their account has accumulated a loss of about 5.91 million USD.

According to TradingBeats (formerly Hyperinsight), a whale starting with 0xf517 currently has 190 BTC sell orders in the range of $79,654 to $108,888, planning to sell 951.3 BTC, with a nominal amount of approximately $91.787 million and a weighted average sell price of about $96,488. BTC is currently reported at $77,351, with the sell order range being about 3% to 40.8% higher than the current price. Since the above orders are not "only for reducing positions," if the transaction volume exceeds its existing long position, it will directly lead to a short position.This whale currently holds 94.1 BTC long positions with a 40x leverage, valued at approximately $7.277 million, with an average entry price of $77,330.3; it has reduced its previous holding of 109.4 BTC by about 15.3 BTC. About 10% of the 951.3 BTC sell orders are used to close long positions, while the remaining approximately 857.2 BTC will be converted into new short positions. If all are executed, the theoretical size of the short position would be about $82.7 million. Meanwhile, this address still has a buy order for 133.7 BTC at $74,088, valued at approximately $99.08 million.It also has 108 open orders in other cryptocurrencies, with a total nominal amount of about $89.32 million, mainly including: HYPE replenishment orders: it currently holds 197,800 HYPE long positions, valued at approximately $15.44 million, with an average entry price of $62.52, and has placed a buy order for $5 million at $62.2, which is about 20.2% lower than the current price. LIT has 71 sell orders in the range of $3.8081 to $6, planning to add short positions of 362,200, amounting to about $1.84 million; ZEC has 29 sell orders in the range of $890.71 to $999, planning to open about 1,560 short positions, amounting to about $1.484 million. It is reported that this whale's layout spans both the US stock and cryptocurrency markets, often participating in the hottest targets, and has repeatedly become a major whale in S&P 500, AMZN, SPCX, etc., with a historical total profit of nearly $30 million.

Hyperbot data shows that Brother Maji has just opened a 40x leveraged Bitcoin long position again, currently holding 50 BTC, with an unrealized profit of about $8,237, and an entry average price of $76,712.2. Currently, Brother Maji's total position value is approximately $103 million, including 28,250 ETH long positions, 253,000 HYPE long positions, and 2,236,488,191 HYPE long positions.

According to on-chain analyst Ai Yi's monitoring, a large holder is shorting BTC, holding a 20x short position of 500 BTC (worth $35.8 million), with an entry price of $70,892.7, and has placed a limit sell order of $21.64 million in the range of $71,800 to $72,500 to prepare for further accumulation.

Coinbase announced the introduction of perpetual contract trading to the Base App through Hyperliquid, allowing eligible users to trade over 290 perpetual contract markets with a maximum leverage of 50 times, covering Bitcoin, Ethereum, and markets related to stocks and commodities. Coinbase's engineering lead Chintan Turakhia stated that perpetual contracts currently account for about 75% of the total trading volume in the crypto market and are the feature that high-frequency users of the Base App most want to see added.Related trades will be executed within the Base App, but Hyperliquid will be responsible for the actual execution, allowing users to stay within their existing wallets. Coinbase stated that the maximum leverage ratio available for different assets varies, and positions may be liquidated when losses exceed a certain threshold. This product is currently not available to jurisdictions such as the United States, the United Kingdom, Canada, and other areas that restrict leveraged crypto derivatives trading. This launch also reflects a shift in the product focus of the Base App from previously emphasizing social and creator features to trading, payments, and AI Agents. Base founder Jesse Pollak previously acknowledged that social and creator tokens did not bring the expected user growth, while prediction markets, perpetual contracts, and stablecoins have become stronger drivers of adoption.

According to on-chain analyst @ai_9684xtpa, a certain whale opened a long position of 500,000 SOL worth $37.93 million at $76.368, using 20x leverage. Five minutes ago, the whale took profit on 246,000 SOL at $78.297, earning $475,000.The remaining position worth $20 million is still up $486,000, with a total profit of $960,000 over the past 10 days. The pending order has been canceled.

Trader 0x4B1 purchased tokens accounting for approximately 0.85% of the total supply for about $1.29 million when CASHCAT was listed on Robinhood, with an average market cap of about $150 million at the time of purchase.After CASHCAT was listed on Robinhood, the price dropped by about 30%. The trader is currently facing an unrealized loss of approximately $412,000, but on-chain data shows that they have not sold any tokens to date.

The research institution 10x Research published that Bitcoin's current price of about $63,000 is a critical level that will determine whether market sentiment trends towards a bottom or a collapse. Bitcoin had been fluctuating narrowly around $60,000 for six months before the 2024 U.S. election, and this level also served as the top construction area of the 2021 cycle. After Trump's victory confirmation, Bitcoin quickly rose from $70,000 to $90,000, briefly falling below $90,000 during the tariff impact in April 2025, but due to most holders still being in profit, the trading during this pullback was light.10x Research stated that due to the very low turnover in the $70,000 to $90,000 range, it warned in November 2025 that if it fell below $93,000, Bitcoin could experience a sharp decline, as there was almost no supply to slow the decline from that range down to around $65,000, and the subsequent downward trend confirmed this judgment. Currently, Bitcoin is once again consolidating in the $60,000 area for about six months, but during this period, the actual distribution of turnover chips has significantly changed, which has a substantial impact on the next movement of this position. The institution will further elaborate on the importance of this level, the role of exchange balances, and the timing of leveraged traders possibly returning to the market.

The latest report from 10x Research indicates that Bitcoin trading volume has dropped to a small fraction of the peak levels seen after the U.S. presidential inauguration and during the flash crash last October, while the price has entered one of the narrowest volatility ranges in months. Historically, similar low-volatility states are often difficult to sustain in the long term.Additionally, options flow shows that traders' market confidence is changing, and positions have begun to adjust. Bitcoin's implied volatility has also fallen to a low level rarely seen outside of the summer off-season, while ETF inflows remain weak, and stablecoins continue to flow out of the crypto market. Strategy, which was once one of the most stable buyers in the market, has become a seller for four consecutive weeks.

Bitget announced that it has upgraded its CFD products, further optimizing the leverage and margin mechanisms for XAUUSD and USDCNH. Specifically, when the nominal value of the XAUUSD contract is below $100,000, a maximum leverage of 800 times is supported; when the nominal value of the USDCNH contract is below $1,000,000, a maximum leverage of 100 times is supported. For positions exceeding the corresponding ranges, the platform will adopt a tiered margin calculation mechanism, with the margin rate dynamically adjusted as the nominal value of the position increases.This upgrade enhances the efficiency of capital use and strategic flexibility in CFD trading through a more flexible leverage and margin tiering mechanism, providing professional traders with more options for strategy allocation in different market environments.

Analyst Killa posted on the X platform stating that his spot position is fully loaded, holding a 2x leveraged long position in Bitcoin starting from $62,600, while deploying a 10x leveraged long strategy in batches in a sub-account. Bitcoin has retraced 54%, and based on mathematical calculations, he believes the maximum retracement could be between 65% and 68%.The strategy sets up 3 groups of 10x leveraged long positions, with entry prices of $62,600, $57,100, and $51,600, corresponding liquidation prices of $57,100, $51,600, and $46,100, using $10,000 margin for each group; if Bitcoin reaches $126,000, the 3 groups of long positions are expected to profit $101,300, $120,700, and $144,200 respectively. Killa stated that he actually split this strategy into 4 to 5 entries, and if the first two groups of long positions are liquidated, the profit from the last group of long positions can cover the related losses.

According to Onchain Lens monitoring, a certain whale went long on 200.8 BTC with 40x leverage on Hyperliquid 1 hour ago, worth approximately $12.75 million, with a liquidation price of $55,380.The trader has made a profit of $1.95 million in the past 30 days.

According to on-chain analyst @ai_9684xtpa, a certain address (0xb37...a66ca) is using a TWAP strategy to long XYZ100 (Nasdaq 100 Index) with 20x leverage, accumulating a total of 1006.8 XYZ100. Currently, approximately 32 million dollars worth of positions have been executed, corresponding to 1065 shares, with an opening price of 29778 dollars. The remaining portion is still being gradually executed.