Contract Trading

Before entering a futures trade, confirm margin mode, position mode, leverage, order type and TP/SL settings instead of treating the order ticket as a buy-or-sell button.

CFTC 关于永续合约的政策声明让交易者有了更清晰的观察框架，但受监管的加密永续更可能强调审批、保证金、监控和客户保护。

The CFTC’s policy statement on perpetual contracts gives traders a clearer framework to watch, but regulated crypto perps will likely emphasize approval, margin, surveillance and customer protection.

全仓会共享账户保证金，逐仓会把风险限制在单个交易对或仓位内。新手在考虑杠杆倍数之前，应先看懂保证金模式。

Cross margin shares collateral across positions, while isolated margin fences risk inside one pair or position. Beginners should choose the mode before thinking about leverage size.

最便宜的交易所不一定是表面 maker 费率最低的平台。还要比较点差、提现费、资金费率、VIP 等级和下单方式。

The cheapest exchange is not always the one with the lowest headline maker fee. Traders should compare spreads, withdrawal fees, funding, VIP tiers and order workflow.

以太坊相对比特币出现修复，但期权偏斜和区间型大宗交易说明，专业资金仍在为下跌风险买保险。

Ether is trying to recover against bitcoin, but options skew and range-bound block flows show that professional traders still want downside insurance.

资金费率反映多空持仓成本，爆仓数据反映杠杆是否已经被清理。任何一个指标都不适合单独使用。