Futures
Access hundreds of perpetual contracts
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 practice 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
BTC suddenly big dumped after hovering at $97,748 per coin early this morning, and the price fell to $94,249 in just a few minutes. The chain reaction of the price fall has plunged the entire cryptocurrency market into crisis, and many other assets have been hit even harder.
XRP has fallen by more than 11%, SOL has fallen by 6.5%, BNB has fallen by 7.48%, DOGE has fallen by 8.92%, PNUT and DYDX have experienced significant drops of 22% and 21% respectively.
However, the analysis found that the mainstream coins accounted for a relatively small proportion in the clearing of the Derivatives market caused by this decline, while AltCoins accounted for nearly two-thirds of the total clearing amount. As AltCoins were the first to be liquidated, this event highlights the importance of Risk Management strategies in the Derivatives market. According to the Alt Season Index (ASI) from BlockchainCenter, the index has fallen below the 75 threshold, currently dropping to 69.