#数字资产市场动态 Contract liquidation is really not about market weakness; often, it's just that the rules haven't been fully understood.

Recently, someone asked me: they correctly judged the market direction but still lost 1000U after holding for 4 days due to funding fee erosion, and finally got liquidated. When the real market comes, all they can do is watch helplessly. This is a typical case—perhaps the technical analysis is fine, but the details of trading rules trip you up.

Let's start with the first common pitfall: funding fees.

Many people focus on candlestick charts all day but overlook the fact that funding fees are secretly bleeding your account. This fee is settled every 8 hours, and when the rate is positive, you have to pay. Going long with full position size, the direction is correct, but each settlement deducts a fee, tightening your margin space until liquidation. Sounds powerless, right?

How to avoid this? It's not complicated:
Try not to trade during high-fee periods, and keep each position cycle within 8 hours; if you have the ability, position yourself in a way that benefits from funding fee trends.

The second hidden trap: the liquidation price isn't what you think.

Leverage of 10x seems to mean a 10% drop causes liquidation, but in reality, a 5% drop can trigger a signal. This is because the platform also accounts for liquidation fees, which are often overlooked.

The solution is clear: don't go all-in; switching to isolated margin mode is safer; control leverage between 3x and 5x, leaving enough margin buffer to give yourself room to maneuver.

The third big pitfall: high leverage is like a knife.

100x leverage sounds exciting, but all fees and funding costs are calculated based on the borrowed principal. Even if your direction is correct, profits can be eaten up by costs.

In summary: high leverage is only suitable for short-term trading; for long-term survival, you must control your leverage.

Profiting from contracts is never just about guessing the market direction; the key is to understand the game rules thoroughly. Exchanges aren't afraid of you losing money; they're afraid that you understand their underlying logic. To survive long-term here, first recognize these pitfalls clearly.