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Liquidation

Liquidation occurs when a trader’s collateral is no longer sufficient to cover their leveraged position’s losses, triggering an automated forced closure by the exchange's liquidation engine. It is a critical risk-management mechanism that ensures the solvency of lending protocols and derivative platforms. In 2026, the focus has moved toward MEV-resistant liquidation models that protect users from predatory "cascades." This tag provides essential information on maintenance margins, health factors, and how to avoid liquidation in high-volatility environments.

15160 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Best Next Big Crypto of 2025? MoonBull Presale Buzz Goes Viral as SUI Tests $4.50 and Hyperliquid Sets Records

Best Next Big Crypto of 2025? MoonBull Presale Buzz Goes Viral as SUI Tests $4.50 and Hyperliquid Sets Records

MoonBull ($MOBU) presale ROI jumps in Q4 2025 as SUI eyes $25 breakout and Hyperliquid whale stirs markets with a $59M BTC futures position.

Author: Blockchainreporter

2025/10/07

After entering the mainstream narrative, how will Perp DEX develop in the future?

After entering the mainstream narrative, how will Perp DEX develop in the future?

Let’s talk about some insights into the future evolution of perp dex: 1) The “numbers game” of inflating trading volume in exchange for airdrop expectations is unsustainable. If a large number of users wash trade in anticipation of an airdrop instead of actually using the product, if professional arbitrageurs deprive most of the incentive budget at low cost, and if the project side condones or even encourages these behaviors in order to make the data look good. If this continues, the entire points system will become an expectation game without any real value creation, and the bubble will eventually burst. 2) The low-fee war between platforms results in users “hiddenly paying the bill”. Internal competition among platforms will compress the "revenue model" to the extreme, but what is the balance point for value capture that maintains zero transaction fees? If the seemingly "zero transaction fees" actually result in losses in liquidation penalties, funding rates, and other areas that users cannot see or care about, this strategy will be unsustainable in the long run. Either sell PFOF to market makers like Robinhood, or become a broker that provides value-added services. These are all things that require long-term product iteration to achieve; 3) The perp dex boom led by CLOB is just an on-site carnival. Perp dex isn't a new phenomenon, but the current trillion-dollar boom is largely driven by the volume generated by crypto-native assets like BTC and ETH. As TrdfFi assets migrate on-chain, such as truly in-demand stocks, foreign exchange, and commodities, the CLOB full-chain order book model may no longer be effective. Instead, an oracle or RFQ model will be more efficient. The question is, should we plan ahead and embrace traditional incremental assets, or spend $100,000 to purchase the CLOB Dex code and engage in an incentive war? It will become clear who is truly creating value. 4) The high valuations supported by the black box execution layer cannot be effectively verified. While some perp dex platforms tout their differentiation, massive amounts of transaction data and hidden black-box technology cannot truly price in high valuations. If users don't even know how orders are processed, where liquidity comes from, or how prices are formed, and if the so-called "best execution" actually eats into users' MEV and profits from information asymmetry, this is not a true technological moat. Using ZK proof to prove the logic is correct, but real-time order tracking, order data indicators, and whether the technical means can withstand the test of the market are key; 5) Perp dex as a Service will dilute the overall value of the entire track. If everyone does CLOB, supports similar trading pairs, has maker/taker fees, and has a points system, and if the only difference is a better-looking UI, higher airdrop expectations, and more aggressive KOL shilling, the overall value of the entire Perp DEX track will be severely diluted in the long run. Should we continue to focus on the "one-click chain launch" strategy, or should we truly address user pain points and establish differentiation? The former will only plunge the entire sector into a death spiral, while the latter will likely produce truly valuable projects.

Author: PANews

2025/10/07

USD.AI will increase the autoUSDai cap by $100 million to support USDai exchange rate stability

USD.AI will increase the autoUSDai cap by $100 million to support USDai exchange rate stability

PANews reported on October 7th that USD.AI, a stablecoin protocol providing credit for AI, announced that it would increase the autoUSDai cap by $100 million at 0:00 AM Beijing time on October 9th to support the orderly liquidation of USDT0 positions in the Euler Frontier USDai market. USD.AI stated that this cap increase was a targeted stabilization measure, not a routine cap increase. Demand for USDai has already pushed the exchange rate to $1.06. Yesterday, Euler Finance suspended USDai lending on Plasma. The USDai market will begin partial repayments tomorrow, with LTVs beginning to decline on Wednesday. All open USDai borrowed positions must be repaid and closed promptly. All new USDC deposits will be directly transferred to autoUSDai on Arbitrum, where they will receive a 25x points multiplier for 30 days. Additionally, starting today, USD.AI will reduce the AlloGam multiplier for all non-aligned pools from 10x to 3x, protecting the USDai peg and rewarding those who help stabilize the system.

Author: PANews

2025/10/07

From an investment genius to a 27-square-meter subdivided apartment: My 540 days and the painful philosophy of cryptocurrencies

From an investment genius to a 27-square-meter subdivided apartment: My 540 days and the painful philosophy of cryptocurrencies

Author: 2Lambroz Compiled by Tim, PANews Everyone loves to show off their earnings, screenshots, and stock price surges, but few people talk about the pain. If you want to achieve something in crypto, you have to go through pain first. The key is how you deal with pain. Pain Level 1) The pain of missing out Too early, too late. Cut at the bottom, empty at the top, chase halfway. Symptoms: Compulsively checking market charts and instantly regretting it. Cost: Fees, small losses, erosion of confidence. 2) The pain of jealousy Others are taking action, but you are just watching. You call it a "crime," you call it "illegal gains," you call it what you will. Symptoms: Crazy screen swiping, moral preaching, and abuse of muting. Cost: Missing out on trends, shrinking connections, and falling behind in learning. 3) Life-Changing Pain Real life faces risks: leverage breaks down, counterparties default. Symptoms: Lack of sleep, fear of bills, avoiding phone calls. The cost: financial loss and years of emotional trauma. Pain Trap People are always eager to sell coins that have risen in value, simply because they are afraid of incurring losses. The reason people insist on doubling down on their losses is because they don't want to endure the pain. People often mistake temporary pain for permanent damage. Is there any meaning in all this? No, it's just letting pain take the wheel. Re-understanding pain Pain is tuition You paid the price to learn, do your homework: write down what happened, why it happened, and how you will respond next time. Pain is proof of experience You're taking risks with caution, which is good. Keep it in check so you can continue. Pain is a signal Are you playing the game you want to win? Traders, investors, miners, builders—each game has its own threshold. Turning jealousy into action You looked down on Aster, calling it dirty money, and missed out on a great opportunity. And then... the results proved it all. My mom is a traditional Asian mother. When I was a child, she was very competitive and always wanted to compete with others. If the neighbor's children did better than me in the exam, she would immediately hit me in the face with a slipper. I had two choices: to outdo him or to befriend him. Most of the time, I chose to befriend him and learn from him. Why take the hard way when you can get what you want? This instinct has shaped how I handle jealousy in the crypto space. Instead of wasting time on resentment, I turn jealousy into information. How to turn jealousy into an advantage: When others put forward their opinions, don't rush to deny them, but first understand why they say that. Reverse analysis of early signals: on-chain capital flows, Telegram community discussions, abnormal perpetual contract rates on centralized exchanges, KOL social dynamics, and liquidity injection strategies. Add this information to your own checklist. Jealousy doesn't necessarily erode you; it can also sharpen you, as long as you turn it into action. Some say you have to go through it once to reinvent yourself. Maybe, but once you've gone through it, the only thing left to do is never go through it again. What is life-changing pain? Here’s how it happened to me. I used to work in the building materials industry. After earning a healthy share of the profits, I invested them all in Hong Kong real estate. I essentially leveraged within the regulatory framework. At a young age, I bought two properties and a parking space in Hong Kong. At the time, I felt invincible. I held onto my mortgage payments to avoid liquidation, and the market only rose, never fell. My first cryptocurrency investment cycle also went well, so I increased my investment. Then, UST and FTX collapsed in quick succession. My liquidity was practically wiped out, and even the down payment for my second property was gone. Having quit my job to focus on crypto trading, I rented out my home to pay off the mortgage, living in a subdivided apartment of less than 27 square meters for a year and a half. Those 540 days, confessing to my girlfriend, hiding it from my family, and hiding it from my friends, were like walking on broken glass. (Note: A subdivided apartment, also known as a room within a room, generally refers to a building unit shown on the original approved building plans that has been divided into two or more separate rooms.) Fortunately, with the help of the Arbitrum DeFi ecosystem and Pendle, I stood up again and changed completely. I learned a hard lesson about risk management. I promised myself I would never again create life-altering pain, knowing full well that I was lucky to have been able to rebuild my life. Don't take the trader's words "die if you die" too seriously. The joke will stop being funny if it goes on. How to effectively relieve pain? 1) Mark the pain level Say it out loud: is it timing, jealousy, or a life transition? Naming your pain will help you avoid making a big deal out of it. 2) Split funds Survival funds, growth funds, and speculative funds. Protect the foundation of survival at all costs; future opportunities depend on your survival. 3) Set exit rules Maximum single-day loss, maximum single-position loss, maximum drawdown before closing a position. Rules made in a calm state are always better than decisions made in an impulsive state. 4) Review from different angles Winners and losers, what are the key signals and what is market noise, and how will you respond when the same situation arises again. 5) Principles for dealing with jealousy If a coin you once mocked has quintupled in value, your next move is to privately message the relevant individuals rather than making insinuations. Find a new signal from this trend to update your investment strategy. 6) The trading system needs to be calibrated monthly Advantages will fade, and markets will become saturated. If your trading system stops printing money by the end of 2024, it's not a system malfunction, but rather a shift in the landscape, requiring a timely update. My current situation The positions and reserves are sufficient, so you can sleep peacefully at night. Capture positive expected value opportunities within your psychological tolerance. Use mining income to continuously replenish other positions in the ammunition depot. Use exploratory positions for high-odds speculation and be comfortable with most stop-losses. While there are still opportunities in the market, increase the frequency of pair trading and swing trading. Adapt at a speed beyond your self-esteem. Adapt at a speed beyond your self-esteem. Adapt at a speed beyond your self-esteem. Important things should be said three times because that is the way of life. The pain brought by the crypto market is inevitable, and such experience should not be wasted. The market rewards those who learn quickly and persist long enough, and they will eventually achieve success. Face your pain, transform it into experience, and move on.

Author: PANews

2025/10/07

Bitcoin’s realized price is the real bull market signal

Bitcoin’s realized price is the real bull market signal

The post Bitcoin’s realized price is the real bull market signal appeared on BitcoinEthereumNews.com. Bitcoin hit a new all-time high after breaching $125,000 over the past weekend. The headline is familiar and the kind of round-number milestone that drives retail back into the charts. However, something else happened under the surface: the blockchain quietly recalibrated its accounting. Realized price, which represents the average cost at which every existing coin last moved, just jumped in unison across short-term holders, long-term holders, and the total market. Realized price is the chain’s truth serum. It doesn’t care about speculative candles or leverage; it only moves when real coins change hands. Over the past nine months, Bitcoin’s realized price climbed from around $41,000 to over $54,000. Short-term holders’ cost basis surged from roughly $87,000 to $113,000. Even long-term holders, who rarely flinch, saw their basis rise from $24,000 to nearly $37,000. Bitcoin’s key cost basis models from Jan. 1 to Oct. 6, 2025 (Source: Checkonchain) That last number is the tell. LTH cost basis barely moves in bull markets unless old coins are actually moving, usually from deep storage into new demand. This time, it’s moving fast. Coins that sat dormant for years are being repriced higher, often into ETF creation flows or institutional custody movements. This is what a real on-chain repricing looks like: supply rotation at scale, not speculative churn. Why it matters When realized price rises, it drags the market’s “breakeven floor” higher. The average holder now owns Bitcoin at a higher cost, tightening the network’s profit cushion. That changes behavior. Dips get bought faster because everyone’s closer to even. But when price breaks below the new short-term holder line, which sits around $113,000 at the time of writing, things snap harder, because leverage and sentiment are sitting on thinner ice. It also matters for who’s holding the bag. Every time the long-term basis ticks higher,…

Author: BitcoinEthereumNews

2025/10/07

Ethereum applications at the On-chain Summit

Ethereum applications at the On-chain Summit

The post Ethereum applications at the On-chain Summit appeared on BitcoinEthereumNews.com. Ethereum applications dominated discussion today at the Global On-chain Asset Summit in Singapore, hosted by HashKey Group, where Vitalik Buterin and Dr. Xiao Feng outlined practical paths for scaling, identity and risk control on-chain. What was the main message from the summit about l1 l2 application differences? Speakers drew a clear line between Layer 1 and Layer 2 use cases. L1 remains the canonical base for settlement and shared security. L2s are framed as the layer for high throughput and lower fees. In this context, developers should design with cross-layer interoperability in mind. Applications that need finality and censorship resistance will favor L1. By contrast, high-frequency use cases — such as prediction markets and micropayments — gain from L2 throughput and reduced costs. How does this affect developers choosing where to deploy? Teams must weigh latency, fees and trust assumptions. Many prototype on L2, then shift critical settlement logic to L1 when guarantees matter. Tooling for bridging and observability is improving, which reduces migration friction. How did the speakers address ethereum prediction markets and their scaling? Panelists discussed the promise of ethereum prediction markets for price discovery and hedging. They underlined that such markets need fast finality and low fees to operate efficiently. As a result, builders plan to run market engines on L2 or rollups while anchoring outcomes on L1. This hybrid model preserves security and delivers the speed traders require. However, throughput targets and oracle designs remain under debate. Are there regulatory or market risks traders should watch? Yes. Speakers flagged regulatory scrutiny and liquidity fragmentation as material risks. Choosing venues with transparent on-chain settlement and reputable layers reduces counterparty exposure. What role will zk identity proofs play in on-chain user models? Experts positioned zk identity proofs as a core tool for privacy-preserving KYC, Sybil resistance and reputation…

Author: BitcoinEthereumNews

2025/10/07

Russian Entity Moves 6.1 Billion Through A7A5 Despite US Sanctions: FT

Russian Entity Moves 6.1 Billion Through A7A5 Despite US Sanctions: FT

The post Russian Entity Moves 6.1 Billion Through A7A5 Despite US Sanctions: FT appeared on BitcoinEthereumNews.com. Russian Entity Moves $6.1 Billion Through A7A5 Stablecoin A Russian-controlled cryptocurrency entity has processed $6.1 billion in transactions using the A7A5 stablecoin since August 2025, despite US sanctions, according to the Financial Times (FT). The A7A5 stablecoin is part of A7, Russia’s growing cross-border payments network. It was created as an alternative to the US-dominated financial system, from which Russian banks were cut off following Russian-Ukranian war. Journalists reported that operators liquidated most of their tokens after the Kyrgyz exchange Grinex and Old Vector (issuer of A7A5) were added to the sanctions list. Grinex, launched by the Garantex team, was also sanctioned. How A7A5 Operators Conceal Transactions The FT noted that A7A5 administrators destroyed wallets to conceal the assets’ links to Garantex and Grinex. Over 33.8 billion tokens, worth approximately $405 million, were removed, and the same number of tokens were issued in a new wallet. Source: Chainalysis “Unlike a regular transfer, this method breaks the link between old and new accounts, making it difficult to connect sanctioned tokens with newly created ones,” the journalists explained. The new wallet showed patterns similar to previous cases: interacting with 11 counterparties, processing transfers mainly during business hours in Moscow, with peak activity from 10:00 AM to 12:00 PM, and minimal activity at night and on weekends. Operators on the TRON and Ethereum blockchains appear to have learned from prior liquidations, including the Garantex case. A7A5 Gains Official Status and Expands Market Share The FT highlighted that A7A5 has received official recognition in Russia and is backed by rubles through Promsvyazbank, which owns 49% of A7’s infrastructure and is also sanctioned. Financial experts estimate that A7 could now capture a significant share of Russia’s cross-border payments market. Beyond cryptocurrencies, the network offers traditional services, including payments via promissory notes. In March 2025, USDT…

Author: BitcoinEthereumNews

2025/10/07

The top 5 crypto traders in 2025: High leverage, macro strategies, and narrative dominance

The top 5 crypto traders in 2025: High leverage, macro strategies, and narrative dominance

PANews reported on October 6th that Cointelegraph has compiled a list of the five most noteworthy top traders in the crypto market in 2025. Their common characteristic is that they rely not only on capital but also on narratives to influence the market. These five traders and their representative styles include: James Wynn: Represents a high-risk, high-leverage (often up to 40 times) speculative style. Although he has created amazing returns, he has also experienced tens of millions of dollars in liquidation. Andrew Kang: Adopts a theme-driven macro strategy and is adept at converting clear macro or policy shifts (such as US tariff policy) into hundreds of millions of dollars in leveraged trades. GCR: Known for its contrarian investments and high-conviction bets on altcoins, it gained fame for its successful shorting of LUNA and often influences market sentiment through public statements. "Big Brother Maji" Huang Licheng: Focusing on the Meme coin and NFT fields, his trading style is high leverage and rapid direction change, representing the extreme volatility of speculative assets. Arthur Hayes: A market-leading macro forecaster and cyclical strategist, his articles and interviews often combine central bank policy, liquidity and the supply mechanism of BTC and ETH to influence the market's view of the macro environment. The article concludes that with the influx of institutional funds and stricter regulations, the actions of these traders have become early indicators of market sentiment and potential direction, and their strategies provide observers with a window into the dynamics of contemporary crypto markets.

Author: PANews

2025/10/06

Russian Stablecoin Transfers Exceed 6 Billion Since August: FT

Russian Stablecoin Transfers Exceed 6 Billion Since August: FT

Russian Entity Moves $6.1 Billion Through A7A5 StablecoinA Russian-controlled cryptocurrency entity has processed $6.1 billion in transactions using the A7A5 stablecoin since August 2025, despite US sanctions, according to the Financial Times (FT).The A7A5 stablecoin is part of A7, Russia's growing cross-border payments network. It was created as an alternative to the US-dominated financial system, from which Russian banks were cut off following Russian-Ukranian war.Journalists reported that operators liquidated most of their tokens after the Kyrgyz exchange Grinex and Old Vector (issuer of A7A5) were added to the sanctions list. Grinex, launched by the Garantex team, was also sanctioned.How A7A5 Operators Conceal TransactionsThe FT noted that A7A5 administrators destroyed wallets to conceal the assets' links to Garantex and Grinex. Over 33.8 billion tokens, worth approximately $405 million, were removed, and the same number of tokens were issued in a new wallet.”Unlike a regular transfer, this method breaks the link between old and new accounts, making it difficult to connect sanctioned tokens with newly created ones,” the journalists explained.The new wallet showed patterns similar to previous cases: interacting with 11 counterparties, processing transfers mainly during business hours in Moscow, with peak activity from 10:00 AM to 12:00 PM, and minimal activity at night and on weekends.Operators on the TRON and Ethereum blockchains appear to have learned from prior liquidations, including the Garantex case.A7A5 Gains Official Status and Expands Market ShareThe FT highlighted that A7A5 has received official recognition in Russia and is backed by rubles through Promsvyazbank, which owns 49% of A7's infrastructure and is also sanctioned.Financial experts estimate that A7 could now capture a significant share of Russia’s cross-border payments market. Beyond cryptocurrencies, the network offers traditional services, including payments via promissory notes.In March 2025, USDT issuer Tether froze $28 million in addresses linked to Garantex, illustrating ongoing challenges in sanction enforcement.

Author: Coinstats

2025/10/06

In the past 24 hours, the entire network contract liquidation was US$295 million, with both long and short positions exploding.

In the past 24 hours, the entire network contract liquidation was US$295 million, with both long and short positions exploding.

PANews reported on October 6th that Coinglass data showed that over the past 24 hours, the cryptocurrency market saw $295 million in liquidated contracts across the network, including $157 million in long positions and $138 million in short positions. The total liquidated amount for BTC was $59.3548 million, and the total liquidated amount for ETH was $71.3854 million.

Author: PANews

2025/10/06

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