Risk Management

Perpetual futures do not expire, but funding payments can turn a correct directional view into a poor trade. Traders should model timing, leverage and basis before holding positions overnight.

通行密钥能降低钓鱼登录风险，但交易者仍需要备用设备、恢复路径和提现控制，避免在行情波动时被锁在账户外。

美国与伊朗紧张局势再度升级时，比特币和以太坊相对平稳，而黄金回落。交易者不应把这种平稳直接理解为单边看多信号。

Passkeys reduce phishing risk for exchange logins, but traders still need backup devices, recovery checks and withdrawal controls before relying on them during volatile markets.

Bitcoin and ether held relatively steady as renewed U.S.-Iran escalation moved gold and rates. Traders should treat the calm in crypto as a setup to monitor, not a clean risk-on signal.

Kraken 据称正在欧洲寻求银行牌照，提醒用户比较交易所时不仅要看手续费和币种，也要看支付、托管和监管通道。

Kraken is reportedly pursuing a banking license in Europe, a reminder that crypto exchange comparison now includes payments, custody and regulatory rails.

Coinbase 的订单类型文档提醒交易者，市价、限价、止损限价、括号订单和 TWAP 解决的是不同执行问题。

Coinbase order-type documentation is a useful reminder that market, limit, stop-limit, bracket and TWAP orders solve different problems for spot traders.

比特币和以太坊在交易所的供应量降至多年低位，但交易者仍要结合 ETF 资金、衍生品仓位和宏观风险确认。