ETH

初始保证金决定能否开仓，维持保证金则决定仓位在被强平前还有多少缓冲。

Initial margin opens the trade, but maintenance margin decides how much room a futures position has before forced liquidation.

比较杠杆之前，期货交易者应先理解合约大小、最小变动价值、保证金和结算方式，因为这些因素决定真实敞口。

Before comparing leverage, futures traders should understand contract size, tick value, margin and settlement because those variables define real exposure.

Robinhood Chain 首周桥接 ETH 超过 7000 万美元，新 L2 的流动性增长值得观察，但不能忽视桥和退出通道风险。

More than $70 million of ETH bridged to Robinhood Chain in its first week, turning the new L2 into a useful liquidity and risk signal.

比特币现货 ETF 重新出现净流出，而以太坊 ETF 延续流入，交易者应把相对资金流作为观察风险偏好的重要辅助指标。

Bitcoin spot ETFs slipped back to outflows while ether funds kept attracting money, making relative flow data more useful for traders than a single BTC price level.

CME微型加密期货有助于更精细地配置BTC和ETH敞口，但它与加密永续合约有明显区别。

CME micro crypto futures can help traders size BTC and ETH exposure more precisely, but they differ sharply from crypto perpetual swaps.