#永续合约交易 Seeing the recent liquidation data of perpetual contracts, with 195 million USD in 24 hours, I want to have a good talk with everyone about this matter.

Contract trading is like a double-edged sword — leverage amplifies both gains and risks. The example of $LIGHT in the news is very typical: a 4x rally in the morning, then a crash within two hours, with all longs liquidated. This is not an isolated case but a reflection of the current market norm. Especially when the profit-making effect in the secondary market is weakening, many people are forced to turn to contracts to pursue gains, but end up falling into deeper traps.

I want to emphasize that perpetual contracts are inherently a product of centralized finance; their essence is a zero-sum game between exchanges and retail traders. In contrast, the true Web3 spirit should point towards decentralized derivatives protocols in DeFi — no middlemen, no liquidation harvests, and users truly control their assets. That is where the long-term value lies.

In the short term, if you must participate in contracts, be sure to set strict stop-losses, control your positions, and avoid being driven by FOMO and the desire for quick riches. More importantly, take this stage to learn and accumulate, waiting for truly valuable tracks to emerge. The next round of opportunities often belongs to those who stay clear-headed and patient.