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Derivatives trading has increasingly gained favor among cryptocurrency investors due to its flexibility. It allows bidirectional trading (long and short positions), enabling participants to profit from market volatility. Additionally, derivatives trading features leverage effects, allowing traders to control large positions with minimal capital, but it also comes with higher risks that require careful operation.

Blockchain drives the tokenization of real-world assets through the RWA track, transforming asset trading methods, lowering investment thresholds, and enhancing trading efficiency and liquidity. Simultaneously, global investment opportunities and transparency are strengthened, providing new possibilities for financial innovation. The current moment is a critical window for capital entry, with the future shaping a trillion-dollar market that will reshape the global asset ecosystem.

GameFi is rapidly rising, combining blockchain technology, NFTs, and P2E mechanisms to create a new gaming economy model. 2026 is a critical investment period, with both mainstream and emerging projects offering investment opportunities, but risks require vigilance. Understanding project characteristics and market positioning is more important than chasing prices.

VPVR (Volume Profile Visible Range) is a technical analysis tool that helps traders understand market structure by displaying trading volume at various price levels. Its structure includes bar volume charts, control points, and low-high volume nodes, which can precisely identify support and resistance, recognize market trends, and capture breakout opportunities. Traders should combine VPVR with other tools to adapt to changing market conditions and avoid the pitfall of overconfidence.

The rise of cryptocurrency has been accompanied by numerous fraud cases, such as OneCoin, Thodex, and FTX, which caused billions of dollars to evaporate rapidly. These events revealed the fragility of the market and the risks faced by investors, reminding people to remain vigilant when pursuing profits and to identify red flags. Learning to recognize risks and maintaining rational judgment have become key to protecting assets.

The market decline is far more complex than claims of "Jane Street manipulation," driven primarily by geopolitical factors and liquidity pressures. Corporate treasuries face significant challenges, while altcoins are at a critical juncture. Stablecoins have become a focal point of power struggles. Overall, the current downturn reflects declining institutional confidence and structural market adjustments, requiring attention to real data.

Rolling positions is a high-leverage investment strategy that uses compound effects to achieve exponential capital growth, but carries extremely high risk and can easily lead to liquidation. By comparing the risks of spot trading, futures, and rolling positions, the article emphasizes the importance of market judgment, risk tolerance, and setting profit-taking targets. It is recommended to attempt small-scale positions when market conditions are clear, while avoiding overinvestment.

In the cryptocurrency asset sector, both seasoned investors and novice traders face the same challenge: how to judge whether the market is overvalued or undervalued? How to identify key turning points in bull and bear cycles? The answer often lies hidden in on-chain data. The MVRV indicator is precisely the key that helps traders understand the logic behind this data.
Compared to traditional financial markets, the cryptocurrency asset sector possesses unique data advantages — the transparency of blockchain allows every on-chain transaction to be tracked and analyzed. The MVRV indicator was born based on this characteristic, and it can reveal market bottoms and tops from a macro perspective, helping investors find patterns in the uncertain crypto space.
1. The Core Logic of the MVRV Indicator: From RV to Market Cap Ratio
MVRV is the ratio of Market Cap (MV) to Realized Value (RV).

Want to profit in the cryptocurrency market? This guide will take you from zero to proficiency quickly. We'll dive deep into multiple pathways for making money with cryptocurrency, from theoretical foundations to practical operations, helping you clarify your thinking rapidly and confidently take your first step. Even if you know nothing about digital assets, after reading this article, you'll master the core logic of how to make money with cryptocurrency.
Quick 5-minute overview: The nature and classification of cryptocurrency
Cryptocurrency is a digital asset running on the internet, protected by cryptographic technology to ensure fund security and guarantee transaction authenticity and immutability. Unlike traditional currencies that rely on intermediaries like banks and governments, cryptocurrency adopts a decentralized architecture—no third party can freeze your assets or interfere with transactions.
Based on form and function, cryptocurrencies are roughly divided into three categories:
Native coins refer to digital currencies running on independent blockchains. Bitcoin is the earliest native coin, and Ethereum, although

Since 2018, the crypto market has experienced multiple cycles of fluctuations, yet the trend of combining blockchain with traditional finance remains clear. Asset management companies need to seize opportunities through Ethereum and its upgrades, tokenizing assets to enhance transparency and liquidity while reducing risk. Ethereum's multiple upgrades have increased its value capture and operational efficiency, making it the infrastructure for global assets. Asset management companies must confront this blockchain revolution, as its impact is unavoidable.

Aster officially released the Stage 4 airdrop arrangement. Participants can claim 1.5% of tokens at the end of January, with the query function opening in mid-January. Two claim options are provided: immediately claim 50% or claim the full amount during the April unlock period, meeting the needs of different users and reflecting the project's commitment to participants.

A senior trading whale cleared short positions on BTC, ETH, and SOL on the HyperLiquid platform, securing profits exceeding $3.96 million, reflecting its ability to quickly adjust strategy. This operation highlights the impact of on-chain whale movements on market sentiment, and other investors should closely monitor changes in its market expectations.

Recently, YouTuber Brain Brother accused the U.S. debt and issuance model of resembling a Ponzi scheme, which prompted Yu Zhe'an to refute, pointing out that public debt differs from private debt and criticizing Brain Brother's analytical perspective. Yu emphasized that economic growth can mitigate debt issues and argued that inflation is a resource redistribution mechanism. The discussion between both sides revealed the complexity of economic issues, highlighting the importance of understanding the differences between public and private debt.

ARB Network experienced a smart contract security incident in early January this year, resulting in a $1.5 million loss. The attacker hijacked ProxyAdmin privileges to manipulate the upgrade contract, successfully stealing funds and transferring them to privacy protocol Tornado Cash. This incident highlighted governance vulnerabilities of upgradeable contracts in the DeFi ecosystem, reminding projects to strengthen permission management and security protection measures.