市场闪崩事件概述 - 加密货币行业于10月10日发生史上最大规模的闪崩事件 价格急剧下跌 去中心化交易所遭遇强制去杠杆化重创 大量小市值代币在几分钟内崩盘后又迅速反弹 [1] 闪崩的严重性与影响 - 此次闪崩并非常规回调 市场因美国宣布对部分中国进口商品征收100%关税而引发至少190亿美元的杠杆头寸被强制平仓 创下单日记录 [5] - 主要加密货币价格大幅下挫 比特币从10月初高点下跌约14% 狗狗币日内一度暴跌约50% 以太坊跌幅超过比特币 而Solana和Cardano等大型山寨币波动更为剧烈 [6] - 市场最糟糕的时期往往很短暂 但在不可避免的下跌周期中使用杠杆会显著放大损失 [7] 行业基础设施与后续影响 - 尽管闪崩相当严重 但并未摧毁加密货币市场 行业核心基础设施基本保持稳定 金融机构在稳定市场方面发挥了重要作用 [9] - 虽然存在一些外围问题 例如至少一条公链不堪重负而崩溃 以及至少一家做市商撤出流动性 但未有主要运营商因此次事件而立即倒闭 [10]

Four Corners Property Trust (NYSE:FCPT) Q3 2025 Earnings Call October 29, 2025 12:00 PM ET Speaker3Welcome, everyone, to the FCPT third quarter 2025 financial results conference call. We'll begin shortly. In the meantime, if you would like to pre-register to ask a question, please press star followed by one on your telephone keypad now. Hello, everyone, and thank you for joining the FCPT third quarter 2025 financial results conference call. My name is Claire, and I will be coordinating your call today. Duri ...

American Assets Trust (NYSE:AAT) Q3 2025 Earnings Call October 29, 2025 11:00 AM ET Company ParticipantsSteve Center - Senior VPAdam Wyll - President and CEOMeliana Leverton - Associate General CounselAbigail Rex - VP of Multifamily at San DiegoReny Pire - Equity Research AssociateBob Barton - CFOConference Call ParticipantsNone - AnalystAnthony Peak - Equity Research Associate AnalystOperatorGood morning, everyone, and welcome to the American Assets Trust, Inc.'s third quarter 2025 earnings call. All parti ...

在过去24小时内，加密货币市场下跌了1.12%，市场情绪谨慎，等待美联储的政策决定。造成这一波动的主要原因包括： 1.美联储政策担忧——投资者在联邦公开市场委员会会议前减少投资。 2.Solana ETF 盈利确认——尽管有 6950 万美元流入 Bitwise 的 SOL ETF，但 SOL 价格下跌了 3%。 3.杠杆减少——衍生品未平仓头寸环比减少17.5%，表明投机活动减少。 爆仓警报： 24小时全网共有140,317人被被爆仓，总额5.23亿美元，其中多头惨遭血洗（$3.65亿），空头也难幸免（$1.58亿）。 主流币表现： 1.比特币（BTC）：价格约113135，24小时跌0.51% 今天先盯紧113600这个关键位，它可是 "支阻互换" 的神奇节点！要是能稳稳突破 113600，相当于打开上行通道，接下来能看 114500、115600 两个压力关 卡； 要是冲不过，就看下方 111700-111400 的支撑区间能不能扛住。另外今晚美联储降息，万一出现 "插针" 行情，别慌！这可是布局空单的好机会，记得提 前设好止盈止损，稳扎稳打。 2.以太坊（ETH）：价格约4034，24小时跌1.06% ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Warren Buffett has quoted his longtime business partner Charlie Munger more times than he can count. But one of the most memorable lines? It had a rhythm — and a warning. "My partner Charlie says there is only three ways a smart person can go broke: liquor, ladies and leverage," Buffett said during a 2018 CNBC interview. Then came the twist: "Now the truth is — the first two he just added because they start ...

At Trade With Beta , we also pay close attention to closed-end funds and are always keeping an eye on them for directional and arbitrage opportunities created by market price deviations. As you can guess, timing is crucial in these kinds of trades; therefore, you are welcome to join us for early access and the discussions accompanying these kinds of trades.This article will provide a brief explanation of the mREIT model, how it compares to a pair trader using leverage, whether the market is right or wrong i ...

比特币期权到期规模 - 约310亿美元比特币期权将于下周万圣节到期，创下月度到期规模的历史新高，远超上个月的180亿美元 [1] - 尽管在10月10日的闪电崩盘后发生了创纪录的190亿美元杠杆头寸清算事件，此次到期规模仍创新高 [1] 期权市场参与方 - 领先的加密衍生品交易所Deribit有价值140亿美元的期权合约将于下周五到期 [3] - 全球最大衍生品交易所CME另有价值135亿美元的比特币期权将在一周后到期 [3] 未平仓合约动态 - 10月10日的闪电崩盘事件清算了约70亿美元的BTC期权未平仓合约，使总未平仓合约从约380亿美元降至近310亿美元，这是自6月以来最剧烈的单周收缩 [2] - Deribit的比特币期权未平仓合约名义价值本周飙升至创纪录的5027亿美元，涉及453,820份活跃合约，年内增长逾一倍 [4] - Deribit交易所的首席商务官表示，即使在本月初的清算之后，该交易所的未平仓合约仍处于历史最高水平 [3] 期权合约行权价分布 - 行权价为10万美元的看跌期权未平仓合约显著集中，价值20亿美元，表明这些交易者押注BTC将跌至该水平 [5] - 看涨期权集中在12万美元的行权价水平，暗示对潜在反弹或波动性交易的押注 [5] - 截至周五早上，比特币交易价格为109,866美元，过去24小时上涨0.2% [5] 到期影响与市场风险 - 分析师警告，大量未平仓合约到期可能引发波动性浪潮 [6] - 历史先例表明，大规模到期通常在截止日期前抑制波动性，随后在之后的24-72小时内导致更清晰的方向性移动 [6] - 即使在10月闪电崩盘之后，分析师仍警告市场中存在大量杠杆，这可能为另一次连锁清算事件埋下伏笔 [6] 连锁清算机制 - 连锁清算发生在比特币价格突然下跌时，导致杠杆多头头寸（即交易者使用借入资金对比特币未来价格进行投注）被强制平仓 [7] - 这些杠杆多头交易者成为被迫卖家，给价格带来进一步的下行压力，进而可能导致其他交易者也成为被迫卖家，循环往复直至杠杆被清除 [7]

U.S. margin debt has surged to a record $1.1 trillion, an increase of $67 billion in September alone. Despite markets at all-time highs, investors are borrowing to buy more. But behind the headline number lies a deeper question –  How much leverage can the system bear?Margin debt is the money investors borrow from brokers to amplify their bets. If their investments rise, it magnifies the gains. But, if prices fall losses accelerate. Furthermore, if they fall far enough, brokers issue margin calls, forcing i ...

Is anyone willing to bet that 3x- or 5x-leveraged ETFs will be approved by the SEC? After all, there is a prediction market bet available via Polymarket that a Litecoin ETF will get a green light from the regulator by the end of the year. There’s no such wager listed for the glut of leveraged exchange-traded funds recently filed by several issuers … yet. Currently, the odds probably wouldn’t be great. Last week, shortly after Volatility Shares filed for numerous 3x- and 5x-leveraged ETFs, the SEC’s direct ...

I rate the Direxion Daily Financial Bull 3X Shares ETF (NYSEARCA: FAS ) a Sell due to six major risks I see for financial stocks. Given the +3x leverage of FAS, this is a particularly risky time forI have over 30 years of investment industry experience, including over 22 years as a stock analyst at Allianz Global Investors. I write about generating high returns in any market environment using fundamental and technical analysis. I am Founder & CEO of BullAndBearProfits.com, a FREE investment website dedicate ...