$BTC

The BTC/USDT perpetual contract (perp) is a popular derivative allowing traders to speculate on Bitcoin's price without expiration. Traded on platforms like Binance and Bybit, it uses USDT as margin and settlement. Leverage of up to 125x amplifies gains and losses. Funding rates ensure price alignment with spot markets. High liquidity and tight spreads make it attractive for scalping and swing trading. Risk management is crucial due to volatility. Perps dominate crypto trading volume, offering flexibility with no delivery required. Always monitor liquidation risks and market trends.