News

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Your Bitcoin trade can now get liquidated because a stock crashed

Monthly trading volume on real-world-asset perpetual futures grew from $85 billion in January to a record amount in August, with stocks accounting for a large share of that total on both DeFi and centralized venues, according to CoinMarketCap.

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What happened

Monthly trading volume on real-world-asset perpetual futures grew from $85 billion in January to a record amount in August, with stocks accounting for a large share of that total on both DeFi and centralized venues, according to CoinMarketCap.

Confirmed

Global impact / market context

This means that when stock prices crash, they can trigger automatic closures of trades tied to real-world assets, including Bitcoin. A perpetual future is a contract without an expiry date, and liquidation is when a trader's position is forcibly closed due to losses.

Analyst inference

The rise in stock-linked futures on DeFi platforms, which are decentralized applications, ties traditional markets more closely to crypto. This can increase risk because a stock downturn might force automatic sales of other assets like Bitcoin, affecting prices.

Analyst inference

What to watch

  1. Watch for continued growth in monthly trading volume for real-world-asset perpetual futures, as the article confirms a large increase from January to August, indicating rising investor interest. Confirmed
  2. Investors could track how often stock price swings lead to liquidation events, but this is a suggestion, not a confirmed fact, based on the reported data. Proposed
  3. If stock markets become more volatile, liquidations on these futures may increase, potentially impacting Bitcoin prices, as inferred from the growing trading activity. Analyst inference

Affected assets

  • RWA — Xend Finance
  • DEFI — DeFi
  • BTC — Bitcoin

Evidence