Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of 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
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
312/519/1011 Review
312 (Black Thursday)
Typical characteristics of the decline list:
BTC: Maximum single/two-day drop ~40-50% (from ~7900 to ~3800)
ETH: Drop ~40-55%
Most altcoins: 50-80%+, some leveraged products or small coins nearly wiped out.
Over $2-3 billion in liquidations across the network, market structure temporarily collapsed.
519 (Chinese regulatory crackdown)
Typical characteristics of the decline list:
BTC: 24h decline ~30-34% (from ~44k to ~29k)
ETH: Drop ~40%+
Altcoins/Alts: generally 50-80%, some high leverage/DeFi tokens 70-90% or more.
Actual loss scale on that day set a record at the time (Glassnode data over $2.5 billion).
1011 Event Review
BTC: Drop from about $117k-$122k high, briefly spiked down to $101k-$102k, maximum decline 13-17% (some periods over 20% in 24h)
ETH: Drop 16-40%+
Altcoins/Alts generally 30-60%, some small coins/Meme 80-90%+ or nearly zero.
Liquidation amount: about $19.1-$19.3 billion (record high), far exceeding the scale of ~3 billion in 312 and the scale of 519, affecting over 1.6 million accounts (long positions account for 85-90%).
Trigger factors: Trump suddenly announced 100% tariffs on China and escalated trade war, triggering global risk aversion + chain reaction liquidations (USDe cycle loans, Hyperliquid and other platforms hit hardest). Some exchanges’ API failures/ADL mechanisms worsened the flash crash.
#CryptoBlackSwan