周末賣盤衝擊EdgeX,1,300萬美元頭寸被清算




週末拋售影響EdgeX的納斯達克相關期貨,約1300萬美元的多頭被清算
=================================================================================================================

一個在非交易時間內執行的大型空頭交易使EdgeX的XYZ100永續合約價格下跌近4%,暴露出傳統市場關閉時股指期貨的風險。
————————————————————————————————————————————————————-

作者:[Oliver Knight](https://www.coindesk.com/author/oliver-knight)

2025年12月15日,上午10:36

![XYZ100清算鏈 (Xyz.trade)](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fb6d00506a5aea7b435c43e5a018b277f42b6f57d-1920×1080.jpg%3Fauto%3Dformat&w=3840&q=75 “XYZ100清算鏈 (Xyz.trade)”)

關鍵資訊:

* 一個新創建的錢包在EdgeX的納斯達克100相關永續合約上執行了一個約1000萬美元的空頭交易,導致價格迅速下跌3.5%,並觸發了一系列多頭清算。
* 由於美國股市關閉,交易者無法對納斯達克的風險進行對沖,這使得股指期貨在大額訂單和流動性不足的情況下更容易受到影響。
* EdgeX上個月處理了約1670億美元的永續合約交易量,顯示出快速增長的加密衍生品平台正在進一步進入代幣化股票市場。

在EdgeX的一個納斯達克100相關永續合約市場上,週末的拋售導致約1300萬美元的清算,突顯了在傳統市場關閉時交易股指期貨的風險。

在週六,一個新創建的錢包開始執行一個六小時的時間加權平均價格(TWAP)訂單,對398份XYZ100合約進行空頭,價值約1000萬美元,根據來自[Hypurrscan](https://hypurrscan.io/address/0x069ad3d4dd1ca686ef78d065fbc6208fdcede58d)的鏈上數據。

故事繼續

這一拋售壓力使XYZ100的價格在幾分鐘內下跌超過3.5%,觸發了一系列清算。清算是指當交易者的損失使其抵押品不足以維持頭寸時,經紀商或交易所自動平倉的過程。

鏈上數據顯示,單一交易者在多頭頭寸中損失了約740萬美元,而另一名交易者則被清算了270萬美元,使市場上的總清算額達到約1300萬美元。

在X平台上,幾位交易者質疑市場在非交易時間是否容易受到操控,指出XYZ100在週末下跌近4%,而沒有相應的宏觀或股市新聞。其他人則認為,這種波動是交易與傳統市場時間不一致的加密股指期貨的固有風險。

“在週末,你不再是在交易納斯達克,”一位交易者寫道。“你是在交易資本最多的那個人,在流動性薄弱的訂單簿上。”

EdgeX迅速成長為最大的永續合約交易場所之一。根據DefiLlama的數據,該平台上個月處理的永續合約交易量約為1670億美元,經常在日交易量上與Aster和Hyperliquid等主要競爭對手相抗衡。

這一清算鏈顯示出對代幣化股票產品日益增長的需求,但同時也揭示了在關閉市場時交易這類產品的風險。

這篇報導清晰地展示了在加密市場中,尤其是與傳統市場相關的衍生品交易的脆弱性。當市場關閉時,由於缺乏流動性和對沖渠道,交易者面臨的風險顯著增加。這不僅是對EdgeX的警示,也是對所有加密交易平台的一個提醒,尤其是在當前市場環境中,投資者應該更加謹慎,避免在流動性不足的時候進行大額交易。隨著加密衍生品市場的快速發展,如何平衡創新與風險管理將是未來的重要課題。

以上文章由特價GPT API KEY所翻譯及撰寫。而圖片則由FLUX根據內容自動生成。

🎬 YouTube Premium 家庭 Plan成員一位 只需 HK$148/年

不用提供密碼、不用VPN、無需轉區
直接升級你的香港帳號 ➜ 即享 YouTube + YouTube Music 無廣告播放

立即升級 🔗

🎨 Nano Banana Pro 圖像生成器|打幾句說話就出圖

想畫人像、產品圖、插畫?SSFuture 圖像生成器支援 Flux Gemini Nano Banana Pro 改圖 / 合成, 打廣東話都得,仲可以沿用上一張圖繼續微調。

🆓 Flux 模型即玩,不用登入
🤖 登入後解鎖 Gemini 改圖
📷 支援上載參考圖再生成
⚡ 每天免費額度任你玩
✨ 即刻玩 AI 畫圖
Generate an ultra-realistic, highly ultra-detailed, 8k resolution with 1080x1080 pixel portrait of me using the uploaded image for reference (preserved the likeness and the original face for reference) of a captivating studio portrait of a woman with long, wavy brown hair, seated gracefully on a stool in a thoughtful pose. She is wearing a long, flowing red gown with a one-shoulder design and a thigh-high slit, exuding elegance and sophistication. Her head is slightly tilted, with one hand gently resting on her chin. One leg is slightly extended, revealing a delicate ankle bracelet. Her makeup is polished and natural, featuring defined eyebrows, subtle eyeshadow, mascara, and a berry-toned lipstick. She wears delicate earrings and a gold bracelet that add a touch of sparkle to her overall look. The lighting is soft and diffused, creating a warm and flattering effect that emphasizes her beauty and the flowing lines of the gown. The background is a plain, brown, providing a warm and neutral backdrop. *** The composition is a full shot, capturing her from head to toe, framed vertically to accentuate her height and the flowing lines of the gown. The model is positioned in the center of the frame, creating a balanced and harmonious composition. The overall style is classic, elegant, and timeless, reminiscent of portrait photography, evoking a sense of grace, sophistication, and enduring beauty. 一張年輕東方女性站在戶外木棧道上的全身人像照片。
人物與穿著:
這位女性擁有修長的身材和淺棕色的長直髮,留著齊劉海。
她面帶微笑,表情甜美。頭上戴著一對動物耳朵的髮飾。
上半身穿著一件白色的短版 T 恤/緊身衣(Crop Top),領口較低。
下半身是一條淺藍色的牛仔短裙,裙襬帶有蕾絲邊緣。繫著一條淺棕色的皮帶
腳上穿著一雙露趾的裸色高跟涼鞋。
背景與環境:
她站在一條戶外的深色木質棧道上,左手輕輕扶著旁邊的深色木質欄杆。
背景呈現柔和的散景(景深很淺),可以看到綠色的植物和一些被處理成偏冷藍色調的樹枝或樹葉,營造出一種清新且夢幻的氛圍。
總體而言,這張照片風格清新、甜美,光線柔和,突出了人物的時尚穿搭和外貌。 Prompt (Enhanced, Artistic & Detailed):

A young Asian female inspired by "Imada Mio's" delicate doll-like aesthetic (精緻洋娃娃臉), featuring extraordinarily large, round, and soulful eyes with subtle brown irises, framed by long fluttering lashes. Her face is petite and exquisitely shaped with a defined V-line jaw, soft rosy cheeks flushed with youthful vitality, and plush, natural lips softly parted in a gentle, innocent yet slightly flirtatious expression. Her complexion is luminous and porcelain-smooth.

Her hair is long, dark chocolate brown, and styled in an artfully messy “just woke up” look (剛睡醒的凌亂感), with tousled waves and a touch of natural volume that frames her face and cascades down her shoulders, effortlessly blending wildness and charm.

She wears an oversized, semi-sheer white button-down shirt in a borrowed-from-the-boyfriend style (男友風白襯衫); the shirt slips loosely off her slim shoulders, unbuttoned at the top to reveal graceful collarbones and a hint of décolleté. The hem of the shirt falls mid-thigh, creating a tasteful "bottomless" look (下衣失蹤風格), her bare legs just visible beneath the diaphanous fabric, enhancing a pure yet subtly sexy visual impact.

The image is rendered with a high-key, natural daylight aesthetic reminiscent of Japanese gravure photobooks (寫真集風格): bright, airy lighting softly illuminates her features, casting gentle highlights and diffuse shadows for a dreamy, ethereal effect. Skin is rendered creamy and velvety with impeccable smoothness. The color palette echoes Fujifilm PRO 400H—soft, milky tones with delicate pastels, gentle greens, natural skin, and a nostalgic film grain that adds warmth and authenticity, evoking an elegant, fresh, and intimate atmosphere.

She is posed naturally, perhaps seated on light bed linens or by a sunlit window, exuding a blend of youthful innocence, pure allure, and quiet confidence. Hyper-detailed, cinematic composition, fine-tuned for photorealism yet with a subtle artistic charm.