Bloomberg: Bitcoin trades around the clock, becoming the most liquid asset to express macro views when other markets are closed

By: rootdata|2026/03/01 00:43:30
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According to Bloomberg, tensions between the United States, Israel, and Iran have escalated, prompting traders to turn to crypto trading venues for around-the-clock hedging. Perpetual contracts linked to oil on Hyperliquid rose about 6.2% to $70.6 per barrel, while gold and silver perpetual contracts increased over 5% and 8%, reaching $5464 and $97.5 per ounce, respectively. The trading volume of silver perpetual contracts exceeded $400 million in the past 24 hours, while gold contract trading volume approached $140 million, and U.S. stock index contracts on the platform fell 1% to 2%.

The Iran conflict triggered a risk-off sell-off in the crypto market, with Bitcoin briefly dropping 3.8% to $63038, before stabilizing around $64000; ETH fell 4.5% to $1836 at one point. According to CoinGecko data, the total market capitalization of digital assets evaporated by about $128 billion following the outbreak of the conflict.

Jake Ostrovskis, head of over-the-counter trading at Wintermute, stated that due to Bitcoin's around-the-clock trading, it has become the most liquid asset for traders to express macro views when other markets are closed, with more asset classes moving towards 24/7 trading. Charlie Ambrose, co-founder of Felix, mentioned that this weekend marked another instance of around-the-clock price discovery through perpetual contracts on Hyperliquid, potentially driving a macro shift in how global markets operate.

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