Markets· ★★★★· neutral·

Bloomberg: A year after the 10/10 crash, perpetual futures expanded into stocks and commodities

  • —$19 billion in leveraged positions were liquidated in a single day a year ago
  • —Open interest in real-asset perpetual futures has surpassed $17 billion
  • —Bitcoin perpetual open interest fell from about $45 billion to less than half that level
  • —Bitcoin trades more than 30% below its all-time high of $126,000
Why it matters: The market is shifting from coin speculation toward traditional-asset infrastructure, reshaping liquidity and risk dynamics.
Source: Blockmedia