Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Bitcoin Perp longs are piling in while spot is quietly exiting. 🚨
BTC at 72.5K with a dangerous divergence:
• Perp CVDs: +3.21B (longs accumulating)
• Spot CVDs: -53.09M (distribution)
• Premium Index: -68.82 (perps below spot)
• Both deltas negative: Active selling
Perp traders are longing into spot selling. Negative premium confirms weak conviction - perps won't pay a premium despite the OI buildup.
Key Level: 70K
Lose it, and 3.21B in perp longs become liquidation fuel. Long liq line is flat - the flush hasn't happened yet.
Takeaway: Classic long trap. Perps catching a knife while spot exits.
Until premium flips positive and spot CVDs stabilize, any strength is borrowed time.