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
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
I woke up seeing BTC in free fall yesterday. The coin dropped to around $69,600 as the entire market entered a panic. Ethereum also took a hit, retreating to $2,160. It seems people weren’t expecting this combination of bad factors to happen all at once.
What really weighed on things was the geopolitical situation—oil surging (Brent jumped from $114), European gas rising 25%, and the Fed keeping rates unchanged. As these macro issues piled up, optimistic investors were liquidated. Nearly $600 million leveraged positions were wiped out in 24 hours, mainly longs.
As volatility returned, the Bitcoin fear index (BVIV) jumped 5% to 58%. Altcoins suffered even more—TAO and HYPE fell a lot, while NEO and ETHFI held up better. Now it’s just a matter of waiting to see whether the market recovers or falls further. Open interest in futures dropped 5.6%, signaling that a lot of people are exiting positions.