# 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.

How to Use Premium Rate to See Through ETF Fund Flows 24 Hours in Advance?

This article explains how to use the ETF premium/discount rate as a leading indicator to predict fund flows into and out of Bitcoin and Ethereum ETFs up to 24 hours before official data is released. The premium rate reflects the difference between an ETF's market price and the net asset value (NAV) of its underlying assets. A positive premium indicates bullish sentiment and high demand, often leading to net inflows as authorized participants (APs) create new shares to arbitrage the price difference. Conversely, a negative premium (discount) signals bearish sentiment and selling pressure, typically resulting in net outflows as APs redeem shares. Historical data from 2025-2026 shows a strong correlation: a positive premium predicted net inflows with 84% accuracy, while a negative premium predicted net outflows with 81% accuracy. Key practical applications include: - Monitoring the persistence of premiums/discounts over multiple days, not just single readings. - Watching for extreme values beyond ±0.5%, which indicate strong sentiment shifts. - Combining the indicator with price action (e.g., sustained discounts at market tops can signal early distribution). The article cautions that this is not a standalone tool. For higher conviction, it should be combined with other metrics like changes in ETF holdings, futures basis and funding rates, options put/call ratios, and on-chain exchange flows to confirm trends and potential turning points.

比推01/30 13:10

How to Use Premium Rate to See Through ETF Fund Flows 24 Hours in Advance?

比推01/30 13:10

"We Are Heartbroken by CEX": 4 Users Reveal Why They 'Defected' to Hyperliquid

"We Are Heartbroken by CEXs": Four Users Explain Why They Switched to Hyperliquid In 2025, Hyperliquid emerged as a major player in the perpetual futures DEX space. Founded and self-funded by Jeff, it achieved significant traction, at one point handling over 10% of Binance’s daily contract volume and dominating more than 70% of the perp DEX market. Four users shared their perspectives on why they moved from CEXs to Hyperliquid: - **User A (Web3 Researcher)**: Hyperliquid prioritizes transparency and user experience over decentralization. It functions like a CEX but with on-chain settlement, offering control and verifiable transactions. - **User B (Hyperliquid Enthusiast)**: Driven by profit, he found CEXs increasingly exploitative in 2024. Hyperliquid’s wealth effect, community culture, and successful token auctions attracted users and generated significant returns. - **User C (Airdrop Farmer)**: Hyperliquid’s substantial airdrop and sustainable revenue model stood out. Its appeal to international users (especially those restricted from regulated CEXs) and high referral rewards also contributed to growth. - **User D (Project Executive)**: The meme coin boom and low liquidity in traditional tokens forced him into leveraged trading. Hyperliquid’s unique community behavior (e.g., opposing CEX-listed tokens) created arbitrage opportunities. Hyperliquid’s success stems from its user-centric design, transparency, and strategic community building. External factors, including CEXs’ failures in fostering wealth creation and trust, further drove users toward decentralized alternatives. The platform’s rise highlights a shift in user preference toward链上 products when CEXs underdeliver.

marsbit01/30 10:08

"We Are Heartbroken by CEX": 4 Users Reveal Why They 'Defected' to Hyperliquid

marsbit01/30 10:08

Primitive Ventures: Why Are We Bullish On On-Chain Perpetual U.S. Stocks?

Primitive Ventures argues that on-chain perpetual contracts for US equities represent a pivotal convergence point for crypto and traditional finance, poised to absorb global liquidity. The trend is driven by crypto's innate preference for volatility and key infrastructure upgrades: crypto in-kind margin acceptance by CBOE/CME, DTCC's potential on-chain settlement integration, and the emergence of tokenized equities as collateral enabling systematic basis farming. The dynamic involves "onshore issuance, offshore distribution." While entities like Ondo focus on compliant tokenized stock issuance, demand flows to platforms with superior distribution and trading interfaces, predominantly on BNB Chain. On-chain perps attract global professional traders seeking 24/7 access, high leverage, cross-margin efficiency, and DeFi composability, bypassing traditional broker limitations. The stack is maturing with infrastructure (HIP-3/HyperCore, Orderly, Chainlink), trading platforms (Trade.xyz, Ostium), and terminal frontends (Based, Phantom). The future is a unified global "margin network" where diverse assets serve as interoperable collateral. However, the window is narrowing. The primary threat is not demand but regulatory approval of onshore products, which could rapidly shift activity back to established brokers (e.g., Robinhood with 0DTE options). With the SEC/CFTC actively studying perps and compliant entrants like Bitnomial emerging, offshore/on-chain players must quickly capture liquidity and shape rules before standardization occurs. The race is on to leverage crypto's distribution power and capital efficiency to rewrite traditional finance's operating model.

marsbit01/30 08:19

Primitive Ventures: Why Are We Bullish On On-Chain Perpetual U.S. Stocks?

marsbit01/30 08:19

From 100U to the Pinnacle of Glory—A Dialogue with 'Kid', Champion Trader of Huobi HTX's 'New Asset Battle for Glory': A Full Disclosure of the Trinity Trading Strategy of 'Position, Rhythm, and Timing'

In the Huobi HTX "New Asset Trading Championship," the trader known as "Kid" emerged as the champion, starting with just 100 USDT and achieving top returns in the highly volatile new asset sector. His success was attributed not to aggressive speculation but to a disciplined strategy, strict risk management, and a calm mindset. Kid emphasized a tripartite core strategy: position sizing, rhythm control, and timing. He never exceeds 20% allocation per asset, uses small positions to test waters, and reserves cash for volatility. He focuses on catching the "main upward trend" during market consensus phases and avoids emotional trading. Key sectors he favors include RWA (for its strong institutional backing), AI+blockchain (for high valuation elasticity), and cross-border payment projects (for stability). He credits Huobi HTX for its advantages in new asset listings, with over 70% of assets being first launches, robust risk controls, and deep ecosystem integration with networks like TRON. The platform’s liquidity, security mechanisms, and trading tools enabled his strategy execution. Kid views trading as earning within one’s cognitive limits and maintains a long-term, symbiotic relationship with the platform. His approach underscores professionalism, continuous learning, and respect for market risks.

marsbit01/30 07:52

From 100U to the Pinnacle of Glory—A Dialogue with 'Kid', Champion Trader of Huobi HTX's 'New Asset Battle for Glory': A Full Disclosure of the Trinity Trading Strategy of 'Position, Rhythm, and Timing'

marsbit01/30 07:52

Interpretation of Hong Kong's New Virtual Asset Licensing Regulations: Joint Announcement by Financial Services and the Treasury Bureau and SFC Declares Entry into the 'Full Licensing' Era

Hong Kong's Financial Services and Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) have jointly issued a consultation conclusion and launched a new public consultation, marking a significant step towards a comprehensive licensing regime for virtual asset (VA) activities. The new framework expands beyond the existing Anti-Money Laundering Ordinance (AMLO) requirements for Virtual Asset Trading Platforms (VATPs) to establish mandatory licensing for VA trading, custody, advisory, and asset management services. Key measures include: - **VA Trading Services**: Defined similarly to "Type 1 regulated activity (dealing in securities)" under the SFO. Licensees must meet capital requirements (HK$5 million paid-up capital, HK$3 million liquid capital) and must use SFC-regulated custodians, separating trading and custody. - **VA Custody Services**: Standalone custodians require higher capital (HK$10 million paid-up capital) and must adhere to strict operational standards for cold/hot wallet storage, private key management, and independent audits. - **New Proposed Licenses**: A one-month consultation introduces licensing for "VA advisory services" (providing investment advice on VAs) and "VA asset management" (managing VA portfolios), with no minimum threshold exemptions, closing regulatory gaps. This shift to a "fully licensed" era aims to build institutional trust by imposing traditional financial standards, enhancing investor protection, and creating a regulated ecosystem. However, challenges include compliance costs for smaller players, potential capital outflow, and the need for regulatory capacity to handle applications and technical oversight. Market participants must immediately assess their services against the new classifications, begin licensing preparations, and integrate compliance into their long-term competitive strategy, including potential tax implications and reporting requirements. The landscape may evolve towards integrated full-service groups and specialized niche providers.

marsbit01/30 07:28

Interpretation of Hong Kong's New Virtual Asset Licensing Regulations: Joint Announcement by Financial Services and the Treasury Bureau and SFC Declares Entry into the 'Full Licensing' Era

marsbit01/30 07:28

Understanding Premium Rate: Stay 24 Hours Ahead of ETF Data

Understanding ETF Premium Rates: A 24-Hour Advantage in Crypto Trading With the approval of BTC and ETH spot ETFs, daily fund flows have become a critical indicator for traders. However, this data is delayed by one day, often causing market prices to reflect the information before it is officially published. A key real-time indicator to anticipate ETF net inflows or outflows is the **ETF premium rate**. The premium rate reflects the difference between an ETF's market price and its net asset value (NAV). A positive premium suggests bullish sentiment and potential inflows, while a negative premium indicates bearish sentiment and likely outflows. Data from January 2026 showed that negative premium rates occurred on 16 out of 18 trading days, with 11 of those days resulting in net outflows. A longer-term analysis (July 2025 to January 2026) revealed an **81% accuracy rate** for negative premiums predicting outflows and **84%** for positive premiums predicting inflows. The mechanism behind this involves Authorized Participants (APs) who perform arbitrage: - A positive premium prompts APs to create ETF shares (buying underlying assets → net inflow). - A negative premium leads to share redemption (selling assets → net outflow). To use premium rates effectively: 1. Focus on **sustained trends** rather than one-day values. 2. Watch for **extreme values** (e.g., beyond ±1%), indicating strong sentiment shifts. 3. Consider **price context**—high prices with negative premiums may signal sell-offs, while low prices with positive premiums may indicate accumulation. However, premium rates should not be used alone. Combine them with: - ETF holdings change - Futures basis and funding rates - Put/Call ratios - On-chain whale movements and exchange inflows/outflows Multi-dimensional analysis improves accuracy. While no indicator is perfect, premium rates offer a timely glimpse into fund flows, giving traders an informational edge.

marsbit01/30 05:05

Understanding Premium Rate: Stay 24 Hours Ahead of ETF Data

marsbit01/30 05:05

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