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
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
# A Must-Learn Trick for Contract Trading!!! $SIREN This Wave of Bloodbath
If a coin keeps pumping or experiences violent short-term rallies, and you get a strong urge to short it, then at this moment you MUST stay calm, restrain yourself, and NEVER short it!!!! One wrong move and you're completely ruined.
Many veteran players have died on this, and many others have gone completely bankrupt because of this behavior!!!
Let me analyze why:
Often these coins are heavily controlled by whales. When you short, you're actually going against the whale as a counterparty. Whales only dare to pump this aggressively after they've accumulated enough chips. Precisely because of this, the circulating supply outside is extremely limited, so the whale's pump doesn't actually require as much capital as you think.
At the same time, when the whale was laying in wait, they were already slowly building long positions. When the explosive pump happens, the whale's profits from liquidating short positions plus funding rates are essentially giving them unlimited ammunition. So how high they want to pump depends on how many long liquidations there are from retail traders. Don't let market cap and percentage gains fool your judgment!!!
Take $siren for example, go check the top addresses!!! Absolute market control!!! Constantly baiting shorts until they've liquidated them all!!!
So when trading contracts, don't open positions based on your feelings.
#SIREN
(Note: This translation assumes "空" refers to an empty position/liquidation in trading, and "油" likely refers to a cryptocurrency or asset. If these terms have specific meanings in your context, please clarify for a more accurate translation.)