Crypto Leverage Overview - 加密货币市场中的杠杆使用会放大价格波动，对市场产生重大影响 [1] - 投资者主要通过两种方式获得杠杆：抵押贷款和通过期货或永续合约进行杠杆交易 [1] - 强制平仓会加剧市场崩盘，而杠杆空头挤压会导致价格意外上涨 [1] Collateralized Lending - 2021 年第四季度，加密货币抵押贷款市场达到近 650 亿美元的峰值 [1] - 截至 2025 年第一季度，中心化金融 (CFI) 平台的未偿借款约为 135 亿美元，环比增长约 9% [1] - Tether 在 CFI 借贷市场中占据主导地位，持有 65% 的份额，透明度不足是 CFI 借贷的一个主要问题 [1] - 截至 2025 年第一季度末，去中心化金融 (DeFi) 借贷的未偿借款约为 177 亿美元，环比下降超过 21% [1] - Pendle 代币被引入到 Aave 中，由于其高贷款价值比率，显著提升了 DeFi 借贷活动 [1] Borrowing Trends - 稳定币借款利率大幅下降，从 1 月份的约 12% 降至 5 月下旬的约 5%，降幅达 57% [2] - 链上比特币借款保持相对较低和稳定，而链下比特币借款利率仍然较高 [2] - 以太坊借款利率始终高于质押以太坊 (ST ETH) 的利率，机构投资者通常在链下借入 ETH 以做空以太坊或将其用作现金贷款的抵押品 [2] Debt Issuance by Crypto Treasury Companies - 截至 2025 年 5 月下旬，比特币国库公司总共持有高达 1227 亿美元的未偿债务，其中 MicroStrategy 占近 65% [2] - 这些公司面临着双重风险：如果比特币价格在债务到期时显著降低，可能会被迫出售大量 BTC；如果股票价格上涨，投资者可以将债务转换为公司股份，这可能会稀释现有股东的权益 [2] Crypto Futures Market - 2025 年初，加密货币期货市场交易活动和投资者参与度显著下降，但 4 月初市场信心开始恢复，5 月下旬未平仓合约大幅反弹，从约 680 亿美元增至 1160 亿美元 [3] - 机构投资者越来越倾向于在芝加哥商品交易所 (CME) 等受监管的交易所进行交易，截至 5 月，CME 约占加密货币期货市场总额的 25% [3] - 永续期货 (Perp) 在零售交易者中越来越受欢迎，截至 5 月下旬，Perp 约占期货未平仓合约总额的 72%，达到约 840 亿美元 [3] - Hyperliquid 作为一个去中心化交易所，由于其无需 KYC 的特点，正在蚕食币安等传统中心化交易所的市场份额 [3] Market Implications and Risks - 随着牛市的进行，加密货币借贷市场正在强劲复苏，并可能显著增长 [3] - 随着越来越多的个人交易者和杠杆公司实体进行杠杆交易和借贷，下一次熊市可能会特别残酷 [3] - 如果加密货币国库公司没有足够的现金流或股价下跌，可能会被迫在最糟糕的时刻清算其加密货币持有量，从而引发广泛的强制抛售 [3]

it's the world's largest bank by market cap and run by one of crypto's most tireless haters but while Jamie Diamond trash talks Bitcoin in the streets Bitcoin itself is a is a hyped up fraud it's a pet rock you're back to that really of course yeah jp Morgan is offering clients crypto in the sheets so what's up with that and is it bullish bearish or no big deal today we investigate the parasitic relationship between America's biggest mega bank and crypto my name is Nick and you're watching the Coin Bureau i ...

hyperlquid it's a word you see and hear a lot in crypto circles these days and this is to be expected given that it has been taking market share away from major exchanges while its hype coin continues to climb the ranks towards the top 10 and everyone is wondering just how much potential Hyperlquid has could it become the top exchange in crypto could it be the top altcoin that everyone has been looking for could Hype flip soul today we're going to take a look at what Hyperlquid has been up to and find the a ...

tesla has been having a tough old time of late from sluggish EV sales and widespread boycots to competition from China and of course the recent very public falling out between Elon Musk and President Trump all of the above have resulted in Tesla's TSLA becoming the worst performing stock in the S&P 500 that's crazy but with signs that some of these issues could be easing the big question now is is there still hope for Tesla and its stock price well in today's video we'll dive into the recent protests Musk's ...

who controls Bitcoin according to bitcoin. org the answer is quote "All Bitcoin users around the world including Bitcoin miners developers and holders." So in theory nobody controls Bitcoin nobody nobody in practice however powerful entities including asset managers like BlackRock are trying to control Bitcoin by investing in miners funding developers and accumulating billions of dollars worth of BTC and that's why today we're going to take a look at who is trying to control Bitcoin how they're going about ...

Crypto is no longer just a niche experiment - it’s becoming a cornerstone of the global financial system. What was once ridiculed as a passing internet fad is now being embraced by corporations, governments, and everyday investors alike. From viral memecoins pulling in new users to institutional products like ETFs opening the door for Wall Street, the market is evolving fast. Recently, a report was published by Gemini that dives deep into these trends, offering a clear snapshot of where things are headed. S ...

last year a surprise rate hike from the Bank of Japan nuked financial markets the world over and sent Bitcoin plunging 30% but if you thought that was bad Japan's monetary wos might be about to spill over again for an act two that could be much worse so stay tuned to find out why the market for Japanese government bonds could end up being the global fiat ponzies canary in the coal mine my name is Nick and you're watching the coin bureau when the Bank of Japan raised its policy rate from 0.1% to 0.25% 25% la ...

are you thinking about using Axiom well before you do you need to watch this video that's because we're about to walk you through everything you need to know to get started on Axiom step by step so you can get the most out of this powerful DeFi trading terminal we'll also share some essential tips and tricks to help you trade safely and efficiently valuable insights you won't find anywhere else so make sure you stick around until the very end my name is Guy let's get started okay before we get going it's im ...

since XRP's rally late last year many media outlets have been asking when it will give back those impressive gains So far XRP's answer has been never as its price has remained resilient for months Now it looks like XRP is on the brink of another massive breakout one that could take its price much higher than anyone could have expected And this big move could begin by the end of the month And that's why today we're going to bring you up to speed on everything that XRP has been up to examine how high it could ...