Gate News message, April 21 — Whales on the Hyperliquid platform currently hold $3.395 billion in total positions, with long positions accounting for $1.714 billion (50.48%) and short positions totaling $1.681 billion (49.52%). Long positions are down $18.175 million in unrealized P&L, while short

Gate News message, according to the Gate official announcement on April 21, 2026 Gate launches a GUSD Minting New User Limited-Time Rewards Campaign, Episode 12. The campaign offers eligible new users up to 100% annualized yield. The campaign runs from April 21, 2026 at 16:00 to April 27, 2026 at 16:00 (UTC+8). Users can mint using USDT or USDC, receiving GUSD at a 1:1 ratio. GUSD is a Gate platform launched demand-deposit, principal-protected wealth management product. After minting, users holding GUSD can earn an annualized yield every day. During the investment period, participants can simultaneously receive GUSD minting rewards, campaign rewards, and yields from other wealth management products. GUSD can be redeemed at any time, and upon redemption it will be exchanged for USDT or USDC at a 1:1 ratio. According to platform rules, rewards begin accruing interest starting the second day after subscription, and are distributed in the form of GUSD before 18:00 on the next day when the interest accrues.

Between 2026-04-20 01:30 and 2026-04-20 01:45 (UTC), the BTC spot price fluctuated within a narrow range of 74290.9 to 74709.7 USDT. Over the 15-minute period, the return was +0.53%, with a range of 0.56%. Overall market volatility increased, drawing attention, but the number of active on-chain addresses remained steady, with no sign of extreme capital movements. The main driver behind this move is institutional capital inflows into mainstream futures platforms and adjustments to derivatives position structures, especially CME futures open interest (OI), which rose against the trend by 2.61%. Meanwhile, some institutions added to defensive hedges and positioned for short-term rebounds within the price consolidation range. In addition, short-term Put options trading on platforms such as Deribit was active: the main contracts were concentrated on near-term downside protection, indicating that derivatives capital has increased its allocation to defensive strategies and that the spot market has passively followed the upward move. In addition, ETF funds recorded $1.87 billion in net inflows in Q1, easing the consecutive net outflow trend seen earlier before March and providing medium-term background support for spot prices. Although on-chain active addresses over 1 hour stayed in the 19500–19600 range without abnormal increases or decreases, structural behavior by institutions across the derivatives and ETF markets converged to push short-term price volatility higher. There were no signals of sell pressure from retail traders or major whales, and no large transfers or extreme liquidation events; overall momentum came from institutional-level maneuvering. It is worth noting that the derivatives market Put/Call ratio remains on the high side. If the price cannot continue moving upward, short-term exit pressure could intensify at any time. With overall OI shrinking, the activity of leveraged funds in the market weakens. Going forward, it is important to focus on changes in derivatives positions, ETF fund flows, and the in-and-out movements of active capital on-chain in order to respond to the risk of sharp short-term volatility. For more market information, it is recommended to continuously track relevant data indicators and capital-level anomalies.

From 17:45 to 18:00 (UTC) on 2026-04-19, within 15 minutes BTC’s spot price fell -0.53%, with a price range of 74648.4 to 75212.8 USDT and a swing of 0.75%. During this period, market attention increased, volatility clearly accelerated, and the magnitude of the abnormal move exceeded typical levels for the same timeframe. The main driver behind this abnormal move was that large-whale accounts concentrated transfers of BTC to a certain major exchange; the All Exchanges Whale Ratio (EMA14) rose to a near-ten-month high, and sell pressure increased significantly in a short time, becoming a direct cause of the spot price decline.

From 2026-04-19 04:30 to 2026-04-19 04:45 (UTC), within ETH’s 15-minute candlestick chart, the return recorded -0.58%, and the price range was 2321.62 to 2342.04 USDT, with an amplitude of 0.87%. The short-term selloff occurred against a backdrop of increased overall market volatility and a broad decline in the prices of major crypto assets; overall market risk appetite clearly fell, and traders’ wait-and-see sentiment strengthened. The main driver behind this abnormal move is a sharp contraction in liquidity in the derivatives market and leveraged funds proactively reducing positions. Data shows that over the past 24 hours, the ETH/USD perpetual contract trading volume dropped 67.16% to approximately 74.87 million, open interest edged down 3.33% to 329 million, and liquidation amounts did not expand unusually. This structure indicates that the market lacks the risk of passive cascades; more funds chose to proactively step aside and wait on the sidelines, intensifying short-term selling pressure. In addition, the long/short structure in which shorts held the upper hand (long/short ratio 47.48%:52.52%) and sentiment synchronization with the panic range reinforced the downward price trend. During the same period, major coins such as BTC and SOL also fell 2%-3.4% in tandem, further showing that this pullback was driven by system-wide risk sentiment. On-chain funds did not show any large abnormal transfers or large-scale liquidations of DeFi protocols; spot and on-chain liquidity remained generally stable, and no sudden system risk resonance was observed. Current volatility-related risks still need close monitoring, especially as overall risk appetite continues to contract—ETH’s short-term price may face further downside probing. Watch subsequent changes in derivatives trading volume and open interest, extreme shifts in the long/short ratio and funding rate, and promptly monitor on-chain fund flows, large transfers, and any signs of amplified platform net outflows. For more market anomalies and deeper analysis, please continue to follow our upcoming market updates.

Glassnode's RHODL ratio has hit 4.5, indicating that long-term Bitcoin holders dominate after a market correction. This level suggests potential future growth, contingent on exhausting short-term demand amidst a recovering market.

On April 17, 22,000 BTC options are expiring with a 1.05 Put/Call ratio and a $72,000 maximum pain point, totaling $1.65 billion. Additionally, 100,000 ETH options are expiring with a 0.95 Put/Call ratio and a $2,250 maximum pain point, valued at $460 million.

Gate News message: Gate has launched pre-market trading for CHIP/USDT perpetual futures, using USDT settlement. It supports 1x–10x long and short positions, and the leverage ratio can be selected by you when placing the order.

In Q1 2026, the Ethereum-to-Bitcoin price ratio reached a three-month high at 0.0313. Ethereum added 284,000 users and surpassed $180 billion in stablecoin supply. Bitcoin remained strong above $74,000, driven by significant ETF inflows.

Gate News message, according to the Gate official announcement on April 15, 2026 Gate will list Genius Foundation (UTC+8)GENIUS(GENIUS perpetuity contract spot trading at 10:30 )UTC+8 on April 15, 2026. It supports USDT settlement, with a leverage ratio of 1–20x. At the same time, it will launch GENIUS unified account lending and borrowing, isolated-position leverage trading pairs, as well as GENIUS spare-coin wealth management, demand-deposit collateralized lending, and fixed-term collateralized lending. 1 hour after the GENIUS spot trading goes live, Gate will sequentially launch the GENIUS fast swap feature and the DCA function. The fast swap feature supports exchanging GENIUS for USDT or other supported tokens, while the DCA function supports choosing multiple intervals, such as hourly and daily. In addition, within 1 hour after the perpetual contract goes live, copy trading and trading bot services will be opened.