Binance launches PROVE perpetual contract! 75x leverage ignites the market, both institutions and retail investors celebrate together
Body:
Binance officially launched the PROVE/USDT perpetual contract on August 10, with a maximum leverage of 75 times. The trading volume on the first day exceeded $80 million, making it the most active derivative trading pair in the BNB Chain ecosystem!
Trading strategy guide:
1. Institutional arbitrage model: Asset management institutions like Grayscale use contracts to hedge against spot position risks. On-chain data shows that institutions established over $20 million in long positions in the Binance contract market, betting on PROVE breaking through the key level of $1.8.
2. Retail income enhancement: Users can stake BNB in the Binance wallet to participate in the PROVE airdrop, with average daily returns reaching 0.5% of the staked principal. Combined with contract swing trading, short-term profit potential increases by 3-5 times.
3. Risk control mechanism: Binance introduces a dynamic funding rate and an automatic position reduction system. When the premium rate exceeds 2%, a risk reserve intervention is triggered to ensure market stability.
Market drivers:
The price of PROVE has been boosted by the influx of liquidity into derivatives, rising from $1.18 to $1.42 within a week of its launch, a 20% increase. On-chain data indicates that retail investors have made over $5 million in profits through contract trading, while institutional positions account for over 7% of the circulating supply.
