Bitcoin briefly dropped from $78K โ $63K before closing the month around $67K. Volatility spiked, yet key signals suggest the market may be building a new base.
So what actually shaped crypto in February โ and what could move the market in March? Letโs break it down
CoinEx โ Your Crypto Trading Expert
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Some observers identified the sale by early bitcoin pioneer Owen Gunden as the primary catalyst for the intraday slide.
This suggests that while it remains sensitive to supply shocks, it is increasingly being bid as a hard asset during periods of systemic energy instability.
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BTC is stabilizing in March ๐, and capital is rotatingโHyperliquid is seeing rising volume and open interest ๐.
Hyperliquid gaining momentum? Hereโs what matters๐
โก๏ธ TradFi Perpetual Breakthrough: Hyperliquid lists 113 TradFi contracts๐, with Open Interest hitting $1.5B๐ฐ, far ahead of Binanceโs $462M, showing strong real market demand.
๐ Event-Driven & Structural Growth: From geopolitical energy shocksโฝ๏ธ to rising equity perpetuals๐, Hyperliquid attracts diversified trading capital beyond short-term hype.
๐ช Single-Name Edge: Overlapping trading pairs saw 30-day OI at $117M, surpassing Binanceโs $45M, reflecting deep capital absorption and trading stickiness.
โก๏ธ Forward Positioning: Rich product variety and broader market coverage enable the platform to quickly capture trading flows from macro narratives๐.
๐ Full report: https://www.coinex.com/s/4E56
CoinExโYour Crypto Trading Expert
Hyperliquid gaining momentum? Hereโs what matters๐
โก๏ธ TradFi Perpetual Breakthrough: Hyperliquid lists 113 TradFi contracts๐, with Open Interest hitting $1.5B๐ฐ, far ahead of Binanceโs $462M, showing strong real market demand.
๐ Event-Driven & Structural Growth: From geopolitical energy shocksโฝ๏ธ to rising equity perpetuals๐, Hyperliquid attracts diversified trading capital beyond short-term hype.
๐ช Single-Name Edge: Overlapping trading pairs saw 30-day OI at $117M, surpassing Binanceโs $45M, reflecting deep capital absorption and trading stickiness.
โก๏ธ Forward Positioning: Rich product variety and broader market coverage enable the platform to quickly capture trading flows from macro narratives๐.
๐ Full report: https://www.coinex.com/s/4E56
CoinExโYour Crypto Trading Expert
On-chain trading is heating upโ Are on-chain perpetuals really mature? Not quite๐
โก๏ธ Liquidity Structure: Hyperliquid is growing fast, but liquidity is highly concentrated๐, with 90%+ from a single builderโstill a single-driver market.
๐ Data Transparency: Fragmented pricing references and inconsistent standards๐ create major barriers for institutional adoption.
๐ธ Funding Rates: Lower and smoother funding๐ฐ attracts long-term capital, but also signals limited activity and market depth.
๐ Growth Drivers: Scaling requires broader demand, stronger execution, and a more standardized, transparent market structure.
๐ก Market Stage: On-chain TradFi is still earlyโfix the infrastructure, and it could reshape the next generation of trading๐
๐ Full report: https://www.coinex.com/s/4E5K
CoinExโYour Crypto Trading Expert
โก๏ธ Liquidity Structure: Hyperliquid is growing fast, but liquidity is highly concentrated๐, with 90%+ from a single builderโstill a single-driver market.
๐ Data Transparency: Fragmented pricing references and inconsistent standards๐ create major barriers for institutional adoption.
๐ธ Funding Rates: Lower and smoother funding๐ฐ attracts long-term capital, but also signals limited activity and market depth.
๐ Growth Drivers: Scaling requires broader demand, stronger execution, and a more standardized, transparent market structure.
๐ก Market Stage: On-chain TradFi is still earlyโfix the infrastructure, and it could reshape the next generation of trading๐
๐ Full report: https://www.coinex.com/s/4E5K
CoinExโYour Crypto Trading Expert
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