Details of "The State of Cryptocurrency Perpetual Contracts in 2025" reveal market pressures, trust gaps, and new trends in derivatives

Supports BTC and USDT as margin, allowing long and short trading with up to 20x leverage.

The current risk-reward ratio is extremely favorable for funds to rotate back into digital assets, and the market will reprice Bitcoin to reflect the liquidity and inflation realities already confirmed in the precious metals market.

In the race to digitize the dollar, whoever wins the users wins the market. Western Union has users; while Circle is still acquiring users through "subsidies".

The current price dislocation in US stock perpetual contracts presents a rare window of opportunity where market structure, retail investor psychology, and regulatory frictions overlap, creating excess returns.

The market does offer better entry points, but narratives of "real returns" need to be carefully scrutinized.

BitMEX will release a list of 11 BitMEX legends; this list is to pay tribute to the top traders in BitMEX history who have had an impact on the platform and the wider industry.

The inventors of perpetual contracts say that Bitcoin’s dominance is continuing to reshape global markets—traders are preparing for one of the most active cycles in years.

Risk management is not just a buzzword; it is the single most important skill for survival in the cryptocurrency market.