leverage

According to on-chain analyst Ai Yi's monitoring, the "two-month profit of 44.61 million dollars from ETH leveraged whales" has a remaining long position of 20,000 ETH, which has once again realized a profit of 2.134 million dollars. The fluctuation from a floating loss of 1.227 million dollars to a floating profit represents a difference of 3.361 million dollars. Its average opening price was 2,287.2 dollars, and there were two instances of position reduction on April 20 and April 21, with a total profit-taking of 1.042 million dollars.

According to Lookonchain monitoring, a suspected insider trading address that previously made a profit of 2.27 million dollars in an APE trade is now going long on LDO.The address is using 2 wallets to go long on 5.57 million LDO (worth approximately 5.16 million dollars) with 5x leverage.

The newly appointed chief economist of New Fire Group, Fu Peng, stated on Twitter that the underlying business model of Bitcoin perpetual contracts is essentially the same as the "rollover fee/overnight fee" in traditional finance's gold and industrial commodity spot exchanges.Fu Peng pointed out that back in the day, gold exchanges settled through daily forced liquidation, with longs and shorts paying each other rollover fees. When retail investors held a large number of high-leverage long positions, the rollover fee became the most stable and hidden source of income for the platform. Nowadays, Bitcoin spot platforms mainly rely on perpetual contracts, with both sides settling the funding rate every 8 hours. When longs dominate, retail investors holding long positions continuously pay funding rates to shorts.Although the platform does not directly collect this fee, it significantly enhances trading activity, open interest, and liquidity, indirectly generating a large amount of fee income and forming a stable and substantial cash flow. Essentially, it is a business model where large players/institutions "collect rent" from long-term holdings, retail investors pay for leverage to go long, and the platform indirectly takes a cut.

The vault protocol 3F, built on the decentralized lending protocol Morpho, has completed a total financing of $4 million, led by Maven 11, with participation from institutions such as F-Prime, GSR, and Gate Ventures. The company did not disclose a specific valuation.It is reported that 3F is built on top of Morpho, aiming to provide users with RWA leveraged exposure through a "one-click operation." Users only need to select the target asset and leverage multiple, and the protocol will automatically complete the entire position-building process: including purchasing the underlying asset through short-term bridge financing, depositing it as collateral in Morpho, and borrowing stablecoins to repay the financing. This mechanism essentially simplifies the "looping" process in traditional DeFi, which involves repeatedly buying assets, collateralizing, lending, and reinvesting.While this process can be efficiently completed in pure crypto assets through flash loans, it is usually more complex and inefficient in RWA scenarios due to issues such as settlement delays. 3F is expected to officially launch in the second quarter of this year.

According to Onchain Lens monitoring, a certain whale has opened 20x leveraged long positions in ETH and BTC, currently holding 17,257 ETH and 516.42 BTC, with a position value of approximately 40,000,000 USD.

According to Onchain Lens monitoring, in the past hour, a whale starting with 0xa875 opened a 20x leveraged ETH long position, totaling 7,000 ETH, approximately 16.34 million USD, with an average price of 2,350 USD, currently facing an unrealized loss of 100,000 USD (-13%).It is reported that this address previously opened a BTC long position, marking its first trade, and after holding for nearly 34 days, closed on April 14, ultimately recording a profit of 1.92 million USD. Since then, this address has maintained a short position for observation.

According to monitoring by Hyperinsight, in the past three hours, a whale starting with 0x3bc opened a 25x leveraged ETH short position, amounting to 5.15 million USD, with an average price of 2,343 USD.After the position incurred a floating loss of about 10%, the address immediately placed a take-profit order, planning to gradually close all short positions in batches as the ETH price starts from below the current average price, within the range of 2,280 USD.

According to the official announcement, Bitget has launched the U-based OPG perpetual contract, with a leverage range of 1-20 times. The contract trading BOT will also be opened simultaneously.

According to monitoring by Hyperinsight, the "Strategy Opponent" whale has continued to build a position with 40x leveraged BTC short positions today. As of one hour before this report, 166.1 BTC short positions have been opened, amounting to approximately 12.97 million USD, with an average price of 78,268 USD and a liquidation price of 79,247 USD.It is reported that this address manually stopped loss two days ago after BTC rose over 76,000 USD, exiting a short position of 78 million USD with a loss of 10.1 million USD. This time, it has once again entered a short position with a very narrow liquidation price.

Non-custodial staking infrastructure provider Everstake has partnered with Web3 asset data platform RootData to comprehensively empower its business processes using RootData's data. Through the RootData API, Everstake will integrate comprehensive project information into its products, significantly enhancing user experience; leveraging RootData's rich industry data to provide more diverse and in-depth research reports; and obtaining more customer expansion leads based on information such as financing and teams.It is reported that Everstake is an institutional-grade staking infrastructure provider that supports secure and scalable participation in staking across more than 130 proof-of-stake (PoS) networks. Everstake provides support for asset management companies, custodians, non-custodial wallets, protocols, exchanges, and platforms, helping them achieve convenient staking access.

According to monitoring by Hyperinsight, after the market rise this morning, HYPE rebounded to around 40 dollars and fluctuated, with a 24-hour decline still reaching 3%. The latest whale (0xec8) on Hyperliquid opened a 5x leveraged HYPE short position in the past hour, with an average price of 40.04 dollars and a liquidation price of 46.6 dollars, with a position size of approximately 3.38 million dollars.In addition, among the whales that opened positions during the day (with a size over 1 million dollars), the address (0x4a8) closest to the liquidation line opened a position at 1 PM today, with an average price of 39.64 dollars, and has now turned from profit to loss. If HYPE rises to 41.6 dollars, this position will trigger liquidation.

Binance will remove the following leveraged trading pairs on April 24, 2026, at 14:00: cross-margin leveraged trading pairs AAVE/ETH, STX/BTC, ICP/BTC, SEI/BTC, AAVE/BTC, UNI/BTC, LTC/ETH, NEAR/BTC, XLM/BTC, ADA/ETH; isolated-margin leveraged trading pairs STX/BTC, ICP/BTC, SEI/BTC, AAVE/BTC, UNI/BTC, LTC/ETH, NEAR/BTC, XLM/BTC, ADA/ETH. Users are advised to close positions or transfer assets before delisting, as Binance will not be responsible for any potential losses.

According to Onchain Lens monitoring, trader Loracle has opened a 5x leveraged short position on HYPE, with the current position valued at 11 million USD, and the position is still increasing. He also holds a 5x leveraged long position on PAXG, currently holding 374.66 PAXG.

Binance leverage will add full margin trading pairs for Binance Life/U, Binance Life/USD1, ENJ/U, GIGGLE/U, and ORDI/U on April 21, 2026, at 16:00.Please note that newly listed trading pairs tend to be more volatile, and users should adopt more risk management strategies.

According to on-chain analyst @ai 9684xtpa, after a brief drop in ETH, a leveraged whale who has accumulated a profit of 44.61 million USD over the past two months added 12,000 ETH at a price level of 2286.9 USD, increasing its ETH long position to 30,000 ETH.Currently, its average opening price is 2288.3 USD, and the position has just returned to a floating profit state.

According to the official announcement, Binance Futures has updated the leverage and margin tiers for the QQQUSDT, SPYUSDT, EWYUSDT, and EWJUSDTU perpetual contracts on April 21, 2026, at 15:30 (Beijing time).Existing positions that users had before the update will be affected, and running futures grids may also become invalid due to the updates in leverage and margin tiers. Users are advised to take appropriate actions before making adjustments.

The head of the Spark Protocol strategy, monetsupply.eth, posted on platform X stating that in January of this year, low-usage assets like rsETH were removed and collateral and functionality were continuously tightened. This move sparked strong dissatisfaction among "ETH leveraged" users at the time.Additionally, Spark has long set a high upper limit on interest rates in the ETH lending market, transferring some business and revenue to Aave over the past year (where its ETH borrowing rate once dropped to 10% or below). However, in the current market crisis environment, this strategy has proven to be more prudent. Currently, SparkLend still maintains sufficient ETH withdrawal liquidity, while Aave has experienced liquidity tightness and even "lock-up" situations in the Ethereum mainnet and multi-chain markets like Arbitrum and Base.monetsupply.eth further warned that since ETH is the core collateral asset, when market utilization reaches 100%, collateral liquidation will not be able to execute normally. The depletion of liquidity not only affects the depositor experience but may also pose systemic risks. In the current situation of insufficient liquidity in Aave, a 15%-20% drop in ETH prices could lead to significant bad debt accumulation (in addition to the potential impact of the rsETH incident).

According to on-chain analyst Yu Jin's monitoring, a whale borrowed 28,000,000 USDT from Aave in February, purchasing 12,802 ETH at an average price of $2,187. Recently, after the rise in ETH, the whale sold 12,402 ETH at an average price of $2,271, exchanging it for 28,160,000 USDT to repay the loan, netting a profit of 400 ETH.

According to monitoring by Hyperinsight, a whale opened a BTC long position with 40x leverage, with a position size of 6.95 million USD and an average price of 75,320 USD. After gaining about 20% in floating profit, the address immediately placed a limit take-profit order, planning to close the entire position at 77,000 USD.It is worth noting that the address did not set any stop-loss orders. Considering that the liquidation price is at 74,287 USD, it may imply using the liquidation line as an implicit stop-loss level.

According to the official announcement, Bitget has launched the U-based GENIUS perpetual contract, with a leverage range of 1-20 times. The contract trading BOT will also be opened simultaneously.