#市场下跌与合约风险 I just saw on the exchange that the trading volume of Ethereum contracts hit a new high again, 6.74 trillion USD??? This number totally confused me😅

Even more outrageous is the ratio of spot to futures, which is actually 1:5! In other words, for every 1 dollar worth of ETH bought in spot, there are 5 dollars in futures betting? That sounds way too risky. I used to naively think everyone was investing rationally, but now I realize how much leverage is involved.

No wonder the recent coin price fluctuations are so intense; it’s not that the market is really that "crazy," but rather that excessive leverage is amplifying it. I’ve seen liquidation events in the community—one liquidation can trigger a chain reaction, causing prices to plummet. I was thinking of trying contracts before, but now I see I need to learn risk management properly first.

Can any experts explain why so many people are willing to use leverage for contracts? Is it just the lure of high returns, or is there some strategy I don’t understand? As a newbie, I still feel a bit anxious; it seems the crypto world is too deep😂