比特币的价格稳定性面临潜在“基差交易暴跌”的风险，而这种暴跌催化了新冠疫情崩盘

BlockBeats news, on April 7th, according to official sources, Lista DAO announced that it will launch its lending product Lista Lending this week, providing users with efficient financial and lending services through advanced interest algorithms. The main highlights are: 1. Free and open P2P lending model: utilizing vaults and markets to provide more flexibility in collateral selection; 2. Higher capital utilization and dynamic interest rates: Use a multi oracle system to ensure accurate and fair pricing, automatically adjusting interest rates based on market conditions. 3. Enhanced risk control: isolate vault risks and provide borrower protection. 4. VeLISTA Empowerment: VeLISTA holders will be able to receive more interest rate discounts in the future

The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time

According to Glassnode data, the open interest volume of Bitcoin futures reached $34.5 billion. Although it briefly rebounded from a low of $33.8 billion on April 3rd, the overall downward trend has not changed. As traders reduce risk due to the decline in price momentum, futures positions continue to be closed. Since March 25th, the amount of open contracts for cash guarantees and cryptocurrency guarantees has decreased. The amount of open contracts secured by cash decreased from 30.3 billion US dollars to 27.4 billion US dollars. The amount of open contracts secured by cryptocurrency has decreased from $7.5 billion to $6.9 billion, but has started to rise again in the past 48 hours, indicating that more speculative participants are starting to take risks again. Cryptocurrency backed Bitcoin futures contracts currently account for 20.5% of the total open interest contracts, up from 18.9% on April 5th. The increase in leverage ratio of cryptocurrency collateral may make the market more sensitive to price fluctuations and amplify volatility as positions become more sensitive.

According to the derivatives report released by BitMEX for the first quarter of 2025 (from early 2025 to March 18, 2025), the performance of BitMEX's contract launches in that quarter was as follows: 58.33% of perpetual contract tokens on BitMEX appreciated on the first day of listing, achieving an average return of 62.55%, a median return of 23.21%, and a maximum return of 296.44%. In addition, only 41.7% of BitMEX's listed transactions reached historical highs on the first day, demonstrating a sustainable price trend. For tokens that appreciate after being listed, most of them reach their peak within the first week (BitMEX median: 6 days).

Odaily Planet Daily News: Expectations of an emergency interest rate cut by the Federal Reserve are rising as there are no signs that Trump will make concessions on tariffs. Swap transactions show that the probability of the Federal Reserve cutting interest rates by 25 basis points next week is about 40%, much earlier than the Fed's interest rate decision scheduled for May 7th. At the same time, investors are selling off risks and rushing to buy bonds, leading to a sharp drop in yields. On Monday, the yield of US two-year treasury bond, which is most sensitive to monetary policy, fell by 22 basis points to 3.43%. Since Trump announced the tax, the yield of US two-year treasury bond has dropped by about 50 basis points in total. (Golden Ten)