#永续合约交易 In 2025, perpetual contract trading volume surpassed $340 billion/week. This figure reflects not a bubble, but the market finding its true product-market fit. Recently, I’ve been observing several traders’ adjustments to their perpetual contract strategies and noticed an interesting phenomenon: the successful traders are all doing the same thing — shifting from chasing narratives to making precise bets based on fundamentals.

What has the "massacre" of 2025 taught us? The 80%-99% crashes of altcoins are not market collapses but industry cleansings of noise lacking real value. Bitcoin’s market share returning to over 60% precisely indicates that capital is consolidating into more rational choices.

The logic behind copy-trading perpetual contracts has changed. Previously, traders might pursue high leverage and short-term explosive gains. Now, I see top traders adjusting: more cautious position sizing, stricter stop-loss enforcement, and clearer risk management. All these point to one signal — in 2026, the market will become more professional, with institutional capital entering on a large scale. Retail-style luck-based trading will no longer be reliable.

Security tokenization gaining SEC approval, MetaDAO models spawning ownership tokens, consumer-grade products and perpetual contracts becoming core — all these signals tell us that crypto is upgrading from a "game" to a "business." Perpetual contracts are no longer just tools for gamblers but are increasingly used by professional traders to precisely allocate assets.

If you are still blindly copying accounts that rely on narratives to sustain themselves, 2026 will be tough. My simple advice: choose traders who can clearly explain their trading logic, enforce strict stop-loss discipline, and maintain steady profit curves. The barrier to entry for perpetual contracts seems low, but only those who truly understand risk will survive.