#永续合约与杠杆交易 Recently, I've seen a bunch of news about forced liquidations, and I'm feeling a bit anxious... What exactly does forced liquidation mean? Does it mean my coins will be forcibly sold? 😅

I just read an analysis saying that the decline in Bitcoin is related to forced liquidations, crypto legislation, and other factors, but I haven't fully understood the logic behind perpetual contracts and leverage trading. Can someone explain it to me? It sounds like the risks are pretty high...

It seems like there are really many pitfalls in the crypto world, and I learn something new every day. Although I'm still a bit confused now, I've decided to understand the basic concepts first before considering participating in these high-risk trading methods. Are there any veterans willing to give some tips to beginners? I want to hear your entry advice and lessons learned from pitfalls 🙏