#永续合约交易 Looking at recent perpetual contract data, I want to share an observation: after Bitcoin reclaimed the 90,000 level, open interest increased from 304,000 BTC to 310,000 BTC, and funding rates rose from 0.004% to 0.009%. This reflects leveraged longs rebalancing their positions.

But I want to gently remind everyone—it's precisely because of these signs of accumulation that we need to be more cautious about risks. In the past 24 hours, nearly 120,000 traders were liquidated across the network, with a total liquidation amount of $195 million. This is not a small figure. The appeal of perpetual contracts lies in leverage amplifying gains, but it also magnifies losses. A sudden price fluctuation can trigger chain reactions of liquidations.

Year-end market volatility is possible, but fluctuations can go either up or down. If you want to participate, my advice is: first, ask yourself if your position management is cautious enough—are your stop-loss settings reasonable, is the leverage used within controllable limits, and is the proportion of risk funds in your account within your capacity?

Compared to chasing short-term contract gains, maintaining principal safety and steady accumulation in the long run is often the ultimate winning strategy. The trend may still have opportunities, but don’t let a single leveraged move ruin your accumulated gains.