2025-12-26 08:21:16

#美联储回购协议计划 The market conditions of 2025 once again confirm the dual nature of the crypto derivatives market—stable madness coexisting with occasional crashes.

First, let's talk about daily liquidations: billions of dollars in clearing every day have long become commonplace, but this precisely demonstrates the market's vitality. Mainstream assets like $BTC and $ETH have derivatives trading volumes and frequencies sufficient to sustain a high-speed ecosystem. But what is the other side of this vitality? Extreme fragility. High leverage is like a double-edged sword—used wisely, it can amplify gains; used poorly, it can lead to account blowups.

The real danger comes from those infrequent but devastating deleveraging waves. These extreme events often reshape the entire market sentiment within hours, instantly reversing price trends, and are more ferocious than any positive or negative news.

Therefore, the advice for traders is simple—don't over-leverage, set strict stop-losses, and be more cautious during periods of liquidity drought. This isn't conservatism; it's the basic skill to survive longer in a highly volatile market.

BTC1,52%

ETH1,82%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
5
Repost
Share

Comment

0/400

OnchainUndercover

· 4h ago

Starting to talk about stop-loss and risk management again, the real question is why every major liquidation hits retail investors precisely every time.

View OriginalReply0

GasSavingMaster

· 4h ago

Once again, liquidation happened. This market is just a harvesting machine. --- Honestly, leverage is fun for a moment, but afterward, accounts get wiped out. I'm already tired of it. --- Does the Fed's recent actions have such a big impact on the derivatives market? I really need to learn some risk management. --- Billions of dollars are liquidated every day. When liquidity dries up, who dares to hold heavy positions? I definitely don't. --- High leverage = high risk. Everyone understands this principle, but no one can resist the temptation. --- If in 2025 people are still relying on leverage to get rich, they'll be crying miserably by then. --- Stop-loss is easy to say but hard to do. Watching the coin rise makes your mentality collapse. --- When the deleverage wave hits, it can change the entire situation in just a few hours. Such a sharp tongue.

View OriginalReply0

SoliditySlayer

· 4h ago

Coming back with this again? Daily billions of liquidation have long become numb, the real knife is the moment of liquidity exhaustion.

View OriginalReply0

BanklessAtHeart

· 4h ago

Once again, it has been proven that leverage is a gambler's game; you can lose everything in just a few hours.

View OriginalReply0

DaoResearcher

· 4h ago

It is worth noting that the description of the fragility of the derivatives market in this article essentially reflects the failure of the risk incentive mechanism under Token Weighted Voting—liquidation events of high-leverage traders are actually a "governance crisis" in a decentralized market. It is recommended to read the section on the liquidation mechanism in the white paper first, and you'll understand why stop-loss settings are more important than anything else. --- Hundreds of millions of dollars being liquidated daily sounds vibrant? Wrong, this is a market signal that has already broken down. From the data, this indicates that the pricing mechanism is not reflecting real risks at all. --- I have to criticize the phrase "stable madness"—if the assumption were true, then the deleveraging wave during liquidity droughts should be completely predictable. But in reality? A collapse in one second, and no one can escape. --- Still struggling with leverage multiples? The key issue is that there are problems with the risk pool mechanism at the DAO level. The incentive incompatibility problem hasn't been solved, and no matter how cautious individuals are, it's all in vain. --- Stop-loss is easier to talk about than to do. When liquidity dries up, stop-loss orders become mere decorations. This isn't a trader's problem; it's the market structure's inherent fragility—something worth reflecting on.

View OriginalReply0