# Сопутствующие статьи по теме Trading

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Trading", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Fan Culture Is Becoming a Differentiating Variable in Prediction Markets

Fan culture is emerging as a key differentiator in the prediction market landscape, shifting competition from infrastructure and liquidity to culturally embedded content strategies. While early platforms like Polymarket and Kalshi gained traction through regulatory compliance and macro-event markets (e.g., elections, geopolitical crises), these public topics lack exclusivity and are easily replicated. Newer platforms, particularly those on BNB Chain with strong Asian user bases, are leveraging fan-driven narratives—such as Binance ecosystem updates, celebrity appearances, or esports outcomes—to create engagement loops that transcend mere speculation. These niche, community-centric markets lower participation barriers, transform betting into narrative participation, and drive higher emotional investment and social sharing. Unlike rational macro-discussions, fan-culture topics thrive on polarized sentiment, rapid dissemination, and cultural context, making them harder for external platforms to replicate. This cultural alignment fosters sustained activity and loyalty, turning prediction platforms into integral parts of community identity rather than just transactional tools. For emerging markets, success hinges not on duplicating Western models but on deeply understanding and serving their unique user demographics—where fan culture isn’t just a growth lever, but a defensible moat.

marsbit02/24 05:55

Fan Culture Is Becoming a Differentiating Variable in Prediction Markets

marsbit02/24 05:55

Don't Just Focus on Trading Volume, Learn to Understand the 'True and False Prosperity' of Perpetual Contracts

Title: Look Beyond Trading Volume: Understanding the Real Growth of Perpetual Contracts Perpetual contracts (perps) have become a dominant force in crypto trading, with their volume now accounting for about 75% of decentralized exchange activity, up from 44% in February 2025. This surge occurred even as the total crypto market cap fell nearly 40% between August 2025 and February 2026, indicating a shift towards derivatives for speculation and hedging during volatility. However, volume alone can be misleading. It may reflect high-frequency, incentive-driven activity rather than meaningful capital deployment. A more nuanced view comes from combining volume with Open Interest (OI)—the total value of outstanding contracts. While cumulative perps volume doubled in the past six months to $14 trillion (exceeding the previous four years' total), OI grew by about 50%, from $13B to ~$18B before settling at $13B. The OI/Volume ratio, a measure of capital efficiency, rose from 0.33x to 0.49x over the past year. This growth wasn’t linear: it peaked at ~0.72x from June to mid-October 2025, then dropped to ~0.38x after a major liquidation event in October wiped out $19B in leveraged positions. At the platform level, Hyperliquid leads in capital efficiency with an OI/7-day volume ratio over 45% and a take rate of 3.2 bps, effectively converting trading activity into sustained positions and fee revenue. Aster follows with a 34% ratio but a lower take rate of 1.6 bps, prioritizing capital retention over revenue. edgeX and Lighter both show 21% efficiency, with edgeX matching Hyperliquid’s take rate. The key insight is that true growth in perps markets is signaled not just by volume but by rising OI/Volume ratio, reflecting patient capital and confidence in these platforms. Sustainable success will come from optimizing conviction and value capture, not just incentivized trading volume.

marsbit02/23 08:10

Don't Just Focus on Trading Volume, Learn to Understand the 'True and False Prosperity' of Perpetual Contracts

marsbit02/23 08:10

Structural Choices Amid Continued Volatility: Bitcoin's Range-Bound Game and HYPE Swing Opportunities | Exclusive Analysis

In his latest market analysis, Cody, an Odaily特邀行情分析师, reviews the recent performance of Bitcoin and introduces a new asset, HYPE, for potential trading opportunities. Bitcoin has continued its consolidation phase, trading within the range of $65,500 to $70,000 over the past week. The overall market rhythm remains slow with no clear directional movement. The medium-term strategy maintains a 60% short position initiated at approximately $89,000, which is currently showing a profit of about 24.01%. The analysis shifts focus to HYPE, presenting it as an asset with an independent structure during this period of slowed momentum in major cryptocurrencies. A detailed technical analysis of HYPE's daily chart is provided. It suggests a potential shift from a previous bearish structure after the price broke a long-term descending trendline. The price action from the low of $20.46 on January 21st is analyzed as a potential impulsive Wave I rise to $38.41, followed by a corrective Wave II. The key for confirming the start of a bullish Wave III is for the price to hold above the recent low of $27.73 and ultimately break above the Wave I high of $38.41. A successful short-term long trade on HYPE using 1x leverage, based on a 1-hour chart breakout and a momentum model signal, yielded a profit of approximately 4.71%. For Bitcoin, technical indicators on the weekly chart (动量模型, 情绪模型) still suggest a bearish trend, interpreting the current price action as a potential distribution pattern. Daily charts show a weak oversold bounce is underway. The 4-hour chart analysis indicates Bitcoin is likely forming a bullish consolidation structure ("上涨中枢") between approximately $65,100 (support) and $72,300 (resistance). The weekly outlook (Feb 23 - Mar 1) emphasizes monitoring the battle between bulls and bears around the boundaries of this 4-hour structure. The core trading principle remains selling into strength ("逢高减仓") and controlling risk. Key resistance zones are identified at $72,300-$74,500 and $79,500-$80,600. Support levels are at $65,000, $60,000-$62,500, and $57,400. Two short-term tactical plans (A and B) are outlined for using 30% capital to short upon a rebound towards the $72,300 or $74,500 resistance areas, contingent on model signals, with a strict stop-loss above $75,500. The article concludes with essential risk management rules for position management.

Odaily星球日报02/23 08:01

Structural Choices Amid Continued Volatility: Bitcoin's Range-Bound Game and HYPE Swing Opportunities | Exclusive Analysis

Odaily星球日报02/23 08:01

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