{"id":561,"date":"2026-08-24T17:48:46","date_gmt":"2026-08-24T14:48:46","guid":{"rendered":"https:\/\/www.dztecs.com\/blockchain\/perpetual-futures\/"},"modified":"2026-08-24T20:38:16","modified_gmt":"2026-08-24T17:38:16","slug":"perpetual-futures","status":"publish","type":"post","link":"https:\/\/www.dztecs.com\/blockchain\/perpetual-futures\/","title":{"rendered":"\u0645\u0627 \u0647\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u061f \u0634\u0631\u062d \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<div class=\"vfocused-takeaways-box\">\n<h4 class=\"vfocused-takeaways-title\"><span class=\"vfocused-takeaways-icon\" aria-hidden=\"true\">\ud83d\udca1<\/span> \u0623\u0647\u0645 \u0645\u0627 \u062a\u062d\u062a\u0627\u062c \u0625\u0644\u0649 \u0645\u0639\u0631\u0641\u062a\u0647<\/h4>\n<ul class=\"vfocused-takeaways-list\">\n<li>\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0647\u064a \u0645\u0634\u062a\u0642\u0627\u062a \u062a\u062a\u064a\u062d \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0628\u0631\u0627\u0641\u0639\u0629 \u0645\u0627\u0644\u064a\u0629 \u0639\u0644\u0649 \u0623\u0635\u0648\u0644 \u0645\u062b\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u062f\u0648\u0646 \u062a\u0627\u0631\u064a\u062e \u0627\u0646\u062a\u0647\u0627\u0621 \u0645\u062d\u062f\u062f\u060c \u0648\u062a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0645\u062f\u0641\u0648\u0639\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u062f\u0648\u0631\u064a\u0629 \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0633\u0639\u0631\u0647\u0627 \u0642\u0631\u064a\u0628\u064b\u0627 \u0645\u0646 \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0641\u0648\u0631\u064a.<\/li>\n<li>\u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u062a\u0634\u0645\u0644 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0627\u0644\u0642\u0633\u0631\u064a\u0629 \u0644\u0644\u0645\u0631\u0627\u0643\u0632 \u0639\u0646\u062f \u0627\u0646\u062e\u0641\u0627\u0636 \u062d\u0642\u0648\u0642 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u062f\u0648\u0646 \u0647\u0627\u0645\u0634 \u0627\u0644\u0635\u064a\u0627\u0646\u0629\u060c \u0648\u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629 \u0627\u0644\u062a\u064a \u0642\u062f \u062a\u0633\u062a\u0646\u0632\u0641 \u0627\u0644\u0636\u0645\u0627\u0646\u0627\u062a\u060c \u0645\u0639 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 &#8220;\u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0645\u0631\u062c\u0639\u064a&#8221; (Mark Price) \u0644\u062a\u062d\u062f\u064a\u062f \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0622\u062e\u0631 \u0633\u0639\u0631 \u062a\u062f\u0627\u0648\u0644.<\/li>\n<li>\u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0647\u064a \u0645\u062f\u0641\u0648\u0639\u0627\u062a \u062f\u0648\u0631\u064a\u0629 \u0628\u064a\u0646 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0627\u0644\u0637\u0648\u064a\u0644\u064a\u0646 \u0648\u0627\u0644\u0642\u0635\u064a\u0631\u064a\u0646\u060c \u062a\u0639\u0643\u0633 \u0642\u0648\u0629 \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u0623\u062d\u062f \u0627\u0644\u062c\u0627\u0646\u0628\u064a\u0646 (\u0625\u064a\u062c\u0627\u0628\u064a \u0644\u0644\u0637\u0648\u064a\u0644\u060c \u0633\u0644\u0628\u064a \u0644\u0644\u0642\u0635\u064a\u0631)\u060c \u0648\u062a\u064f\u062d\u0633\u0628 \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u0627\u0644\u062a\u0639\u0631\u0636 \u0627\u0644\u0627\u0633\u0645\u064a\u060c \u0645\u0645\u0627 \u064a\u062c\u0639\u0644\u0647\u0627 \u062a\u0643\u0644\u0641\u0629 \u0643\u0628\u064a\u0631\u0629 \u0644\u0644\u0645\u0631\u0627\u0643\u0632 \u0630\u0627\u062a \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0639\u0627\u0644\u064a\u0629.<\/li>\n<\/ul>\n<\/div>\n<nav class=\"vfocused-toc-box\" aria-label=\"\u062c\u062f\u0648\u0644 \u0627\u0644\u0645\u062d\u062a\u0648\u064a\u0627\u062a\"><strong class=\"vfocused-toc-title\">\ud83d\udccc \u062c\u062f\u0648\u0644 \u0627\u0644\u0645\u062d\u062a\u0648\u064a\u0627\u062a<\/strong><\/p>\n<ul class=\"vfocused-toc-list\">\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-1\">\u0645\u0642\u062f\u0645\u0629<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-2\">\u0646\u0642\u0627\u0637 \u0631\u0626\u064a\u0633\u064a\u0629<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-3\">\u0645\u0627 \u0647\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0641\u064a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629\u061f<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-4\">\u0643\u064a\u0641 \u062a\u062d\u0627\u0641\u0638 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0633\u0639\u0631\u0647\u0627 \u0642\u0631\u064a\u0628\u064b\u0627 \u0645\u0646 \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0641\u0648\u0631\u064a \u062f\u0648\u0646 \u0627\u0646\u062a\u0647\u0627\u0621 \u0627\u0644\u0635\u0644\u0627\u062d\u064a\u0629<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-5\">\u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644: \u0645\u0646 \u064a\u062f\u0641\u0639 \u0648\u0645\u0646 \u064a\u0633\u062a\u0644\u0645\u060c \u0648\u0645\u0627\u0630\u0627 \u062a\u0639\u0646\u064a \u0645\u0639\u062f\u0644\u0627\u062a BTC \u0627\u0644\u062d\u0627\u0644\u064a\u0629\u061f<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-6\">\u0645\u0627 \u0627\u0644\u0641\u0631\u0642 \u0628\u064a\u0646 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0641\u0648\u0631\u064a\u060c \u0627\u0644\u0647\u0627\u0645\u0634\u060c \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u0645\u062d\u062f\u062f\u0629\u060c \u0648\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 (Perps)\u061f<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-7\">\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0634\u0631\u0627\u0621 \u0648\u0627\u0644\u0628\u064a\u0639\u060c \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0627\u0644\u0647\u0627\u0645\u0634\u060c \u0648\u0627\u0644\u062a\u0635\u0641\u064a\u0629<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-8\">\u0645\u0627 \u0647\u064a \u0627\u0633\u062a\u062e\u062f\u0627\u0645\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 (Perpetual Futures)\u061f<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-9\">\u0643\u064a\u0641 \u062a\u0634\u0643\u0644 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0628\u0645\u0627 \u064a\u062a\u062c\u0627\u0648\u0632 \u0645\u062c\u0631\u062f \u0645\u0631\u0643\u0632 \u0648\u0627\u062d\u062f<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-10\">\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0645\u0642\u0627\u0628\u0644 \u0645\u0646\u0635\u0627\u062a DEXs \u0644\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-11\">\u0643\u064a\u0641 \u062a\u0642\u0627\u0631\u0646 \u0645\u0646\u0635\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0642\u0628\u0644 \u0641\u062a\u062d \u062d\u0633\u0627\u0628\u061f<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-12\">\u0641\u062d\u0648\u0635\u0627\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u0644\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629: \u0645\u0627 \u064a\u062c\u0628 \u0645\u0639\u0631\u0641\u062a\u0647 \u0642\u0628\u0644 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0623\u0648 \u0627\u0644\u062a\u062d\u0648\u0637<\/a><\/li>\n<li class=\"vfocused-toc-item\"><a class=\"vfocused-toc-link\" href=\"#section-13\">\u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u0627\u0644\u0634\u0627\u0626\u0639\u0629<\/a><\/li>\n<\/ul>\n<\/nav>\n<section>\n<header>\n<h2 id=\"section-1\">\u0645\u0642\u062f\u0645\u0629<\/h2>\n<\/header>\n<p>\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 (\u0627\u0644\u0645\u0639\u0631\u0648\u0641\u0629 \u0623\u064a\u0636\u064b\u0627 \u0628\u0627\u0633\u0645 \u0639\u0642\u0648\u062f \u0627\u0644\u0643\u0631\u064a\u0628\u062a\u0648 \u0627\u0644\u062f\u0627\u0626\u0645\u0629) \u0647\u064a \u0645\u0646\u062a\u062c\u0627\u062a \u0645\u0634\u062a\u0642\u0629 \u062a\u062a\u064a\u062d \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0627\u062a\u062e\u0627\u0630 \u0645\u0631\u0627\u0643\u0632 \u0634\u0631\u0627\u0621 \u0623\u0648 \u0628\u064a\u0639 \u0639\u0644\u0649 \u0623\u0635\u0644 \u0645\u0639\u064a\u0646 \u062f\u0648\u0646 \u0627\u0645\u062a\u0644\u0627\u0643\u0647 \u0648\u062f\u0648\u0646 \u062a\u0627\u0631\u064a\u062e \u0627\u0646\u062a\u0647\u0627\u0621 \u0645\u062d\u062f\u062f. \u0647\u0630\u0627 \u0627\u0644\u0645\u0632\u064a\u062c \u064a\u062c\u0639\u0644\u0647\u0627 \u0648\u0627\u062d\u062f\u0629 \u0645\u0646 \u0623\u0643\u062b\u0631 \u0627\u0644\u0623\u062f\u0648\u0627\u062a \u0627\u0633\u062a\u062e\u062f\u0627\u0645\u064b\u0627 \u0639\u0644\u0649 \u0646\u0637\u0627\u0642 \u0648\u0627\u0633\u0639 \u0641\u064a \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629\u060c \u0644\u0643\u0646 \u063a\u064a\u0627\u0628 \u062a\u0627\u0631\u064a\u062e \u0627\u0644\u0627\u0646\u062a\u0647\u0627\u0621 \u0644\u0627 \u064a\u0639\u0646\u064a \u0625\u0645\u0643\u0627\u0646\u064a\u0629 \u062a\u0631\u0643 \u0627\u0644\u0645\u0631\u0643\u0632 \u062f\u0648\u0646 \u0645\u0631\u0627\u0642\u0628\u0629. \u062a\u0642\u0648\u0645 \u0645\u062f\u0641\u0648\u0639\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0628\u062a\u062d\u0648\u064a\u0644 \u0627\u0644\u0642\u064a\u0645\u0629 \u0628\u064a\u0646 \u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0634\u0631\u0627\u0621 \u0648\u0627\u0644\u0628\u064a\u0639 \u0639\u0644\u0649 \u0641\u062a\u0631\u0627\u062a \u0645\u0646\u062a\u0638\u0645\u0629. \u062a\u062d\u062f\u062f \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0647\u0627\u0645\u0634 \u062d\u062f\u064b\u0627 \u0623\u062f\u0646\u0649 \u0644\u0631\u0623\u0633 \u0645\u0627\u0644 \u0627\u0644\u062d\u0633\u0627\u0628. \u0648\u0625\u0630\u0627 \u062a\u0645 \u062a\u062c\u0627\u0648\u0632 \u0647\u0630\u0627 \u0627\u0644\u062d\u062f\u060c \u064a\u0645\u0643\u0646 \u0644\u0645\u062d\u0631\u0643 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062e\u0627\u0635 \u0628\u0627\u0644\u0645\u0646\u0635\u0629 \u0625\u063a\u0644\u0627\u0642 \u0627\u0644\u0635\u0641\u0642\u0629 \u062a\u0644\u0642\u0627\u0626\u064a\u064b\u0627\u060c \u0628\u063a\u0636 \u0627\u0644\u0646\u0638\u0631 \u0639\u0646 \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0644\u062d\u0631\u0643\u0629 \u0627\u0644\u0633\u0639\u0631.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-featured-og\" src=\"https:\/\/www.dztecs.com\/blockchain\/wp-content\/uploads\/sites\/4\/2026\/08\/what-are-perpetual-futures-trading-1.jpg\" alt=\"\u0645\u0627 \u0647\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u061f \u0634\u0631\u062d \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629\" width=\"1280\" height=\"720\" \/><\/p>\n<\/section>\n<section>\n<header>\n<h2 id=\"section-2\">\u0646\u0642\u0627\u0637 \u0631\u0626\u064a\u0633\u064a\u0629<\/h2>\n<\/header>\n<ul>\n<li><strong>\u0645\u0627\u0647\u064a\u062a\u0647\u0627.<\/strong> \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0647\u064a \u0645\u0634\u062a\u0642\u0627\u062a <a href=\"https:\/\/www.dztecs.com\/blockchain\/what-is-token-burn-in-crypto\/\">\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629<\/a> \u0627\u0644\u062a\u064a \u062a\u062a\u0628\u0639 \u0633\u0639\u0631 \u0627\u0644\u0623\u0635\u0644 \u062f\u0648\u0646 \u062a\u0627\u0631\u064a\u062e \u0627\u0644\u0627\u0646\u062a\u0647\u0627\u0621 \u0627\u0644\u0645\u062c\u062f\u0648\u0644 \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645 \u0641\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629.<\/li>\n<li><strong>\u0645\u0627 \u0627\u0644\u0630\u064a \u062a\u063a\u064a\u0631\u0647.<\/strong> \u062a\u0633\u0647\u0644 \u0647\u0630\u0647 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u062e\u0648\u0644 \u0641\u064a \u0645\u0631\u0627\u0643\u0632 \u0634\u0631\u0627\u0621 \u0648\u0628\u064a\u0639 \u0648\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u0636\u064a\u0641 \u062a\u0643\u0627\u0644\u064a\u0641 \u062a\u0645\u0648\u064a\u0644 \u0648\u0645\u062e\u0627\u0637\u0631 \u062e\u0627\u0635\u0629 \u0628\u0627\u0644\u0645\u0646\u0635\u0629.<\/li>\n<li><strong>\u0627\u0644\u062e\u0637\u0631 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0623\u0648 \u0627\u0644\u0642\u064a\u062f.<\/strong> \u062d\u0631\u0643\u0629 \u0633\u0639\u0631 \u0633\u0644\u0628\u064a\u0629 \u0635\u063a\u064a\u0631\u0629 \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0624\u062f\u064a \u0625\u0644\u0649 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0639\u0646\u062f\u0645\u0627 \u064a\u0643\u0648\u0646 \u0627\u0644\u0647\u0627\u0645\u0634 \u0636\u0626\u064a\u0644\u064b\u0627.<\/li>\n<\/ul>\n<\/section>\n<section>\n<header>\n<h2 id=\"section-3\">\u0645\u0627 \u0647\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0641\u064a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629\u061f<\/h2>\n<\/header>\n<p>\u062a\u0645\u0646\u062d \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u062a\u0639\u0631\u0636\u064b\u0627 \u0633\u0639\u0631\u064a\u064b\u0627 \u0644\u0623\u0635\u0648\u0644 \u0645\u062b\u0644 <a href=\"https:\/\/www.dztecs.com\/blockchain\/what-is-bitcoin-dominance-and-how-to-read-its-chart\/\">Bitcoin<\/a> \u0623\u0648 Ethereum \u062f\u0648\u0646 \u0627\u0644\u062d\u0627\u062c\u0629 \u0625\u0644\u0649 \u0627\u0645\u062a\u0644\u0627\u0643 \u0627\u0644\u0639\u0645\u0644\u0629 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629. \u062a\u062d\u0642\u0642 \u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0634\u0631\u0627\u0621 (\u0627\u0644\u0637\u0648\u064a\u0644\u0629) \u0623\u0631\u0628\u0627\u062d\u064b\u0627 \u0639\u0646\u062f \u0627\u0631\u062a\u0641\u0627\u0639 \u0633\u0639\u0631 \u0627\u0644\u0639\u0642\u062f\u060c \u0628\u064a\u0646\u0645\u0627 \u062a\u062d\u0642\u0642 \u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0628\u064a\u0639 (\u0627\u0644\u0642\u0635\u064a\u0631\u0629) \u0623\u0631\u0628\u0627\u062d\u064b\u0627 \u0639\u0646\u062f \u0627\u0646\u062e\u0641\u0627\u0636\u0647.<\/p>\n<p>\u062a\u0634\u064a\u0631 \u0643\u0644\u0645\u0629 &#8220;\u062f\u0627\u0626\u0645\u0629&#8221; \u0625\u0644\u0649 \u062a\u0635\u0645\u064a\u0645 \u0627\u0644\u0639\u0642\u062f. \u062a\u0646\u062a\u0647\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u0642\u064a\u0627\u0633\u064a\u0629 \u0641\u064a \u062a\u0627\u0631\u064a\u062e \u0645\u062d\u062f\u062f \u0634\u0647\u0631\u064a\u064b\u0627 \u0623\u0648 \u0631\u0628\u0639 \u0633\u0646\u0648\u064a\u064b\u0627\u060c \u0645\u0645\u0627 \u064a\u062c\u0628\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0639\u0644\u0649 \u0625\u063a\u0644\u0627\u0642 \u0623\u0648 \u062a\u062f\u0648\u064a\u0631 \u0645\u0631\u0627\u0643\u0632\u0647\u0645 \u0648\u0641\u0642 \u062c\u062f\u0648\u0644 \u0632\u0645\u0646\u064a \u0645\u062d\u062f\u062f. \u062a\u0632\u064a\u0644 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0647\u0630\u0627 \u0627\u0644\u0645\u0648\u0639\u062f \u0627\u0644\u0646\u0647\u0627\u0626\u064a. \u064a\u0645\u0643\u0646 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0627\u0644\u0645\u0631\u0643\u0632 \u0637\u0627\u0644\u0645\u0627 \u0623\u0646 \u0627\u0644\u062d\u0633\u0627\u0628 \u064a\u0641\u064a \u0628\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0647\u0627\u0645\u0634 \u0648\u062a\u0638\u0644 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629 \u0645\u0642\u0628\u0648\u0644\u0629.<\/p>\n<p>\u0647\u0630\u0627 \u0645\u0647\u0645 \u0639\u0645\u0644\u064a\u064b\u0627 \u0644\u0623\u0646 \u0647\u0630\u064a\u0646 \u0627\u0644\u0642\u064a\u062f\u064a\u0646\u060c \u0627\u0644\u0647\u0627\u0645\u0634 \u0648\u0627\u0644\u062a\u0645\u0648\u064a\u0644\u060c \u0646\u0634\u0637\u0627\u0646 \u0648\u0645\u0633\u062a\u0645\u0631\u0627\u0646. \u0644\u0627 \u064a\u062a\u0645 \u0625\u0639\u0627\u062f\u0629 \u062a\u0639\u064a\u064a\u0646\u0647\u0645\u0627 \u0639\u0646\u062f \u062a\u0627\u0631\u064a\u062e \u0627\u0646\u062a\u0647\u0627\u0621 \u0627\u0644\u0635\u0644\u0627\u062d\u064a\u0629. \u0625\u0630\u0627 \u0627\u0646\u062e\u0641\u0636 \u0631\u0623\u0633 \u0645\u0627\u0644 \u0627\u0644\u062d\u0633\u0627\u0628 \u0642\u0631\u064a\u0628\u064b\u0627 \u062c\u062f\u064b\u0627 \u0645\u0646 \u0639\u062a\u0628\u0629 \u0647\u0627\u0645\u0634 \u0627\u0644\u0635\u064a\u0627\u0646\u0629 \u0641\u064a \u0623\u064a \u0648\u0642\u062a\u060c \u064a\u0645\u0643\u0646 \u062a\u0635\u0641\u064a\u0629 \u0627\u0644\u0645\u0631\u0643\u0632. \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u062a\u0633\u064a\u0631 \u0636\u062f \u0627\u0644\u0645\u0631\u0643\u0632 \u062e\u0644\u0627\u0644 \u0633\u0648\u0642 \u062c\u0627\u0646\u0628\u064a\u060c \u0641\u0625\u0646 \u0627\u0644\u0636\u0645\u0627\u0646 \u064a\u062a\u0622\u0643\u0644 \u062d\u062a\u0649 \u0628\u062f\u0648\u0646 \u062d\u0631\u0643\u0629 \u0633\u0639\u0631\u064a\u0629.<\/p>\n<p>\u0645\u0646 \u0627\u0644\u0645\u0641\u064a\u062f \u0623\u064a\u0636\u064b\u0627 \u062a\u0648\u0636\u064a\u062d \u0645\u0627 \u0644\u0627 \u064a\u0645\u062b\u0644\u0647 \u0645\u0631\u0643\u0632 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629. \u0625\u0646\u0647 \u0644\u0627 \u064a\u0636\u0639 Bitcoin \u0623\u0648 Ethereum \u0623\u0648 \u0623\u064a \u0639\u0645\u0644\u0629 \u0623\u062e\u0631\u0649 \u0641\u064a \u0645\u062d\u0641\u0638\u0629 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644. \u0625\u0646\u0647 \u064a\u0646\u0634\u0626 \u062a\u0639\u0631\u0636\u064b\u0627 \u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u062d\u0633\u0627\u0628 \u064a\u0631\u062a\u0641\u0639 \u0623\u0648 \u064a\u0646\u062e\u0641\u0636 \u0645\u0639 \u0633\u0639\u0631 \u0627\u0644\u0639\u0642\u062f\u060c \u0648\u064a\u062e\u0636\u0639 \u0628\u0627\u0644\u0643\u0627\u0645\u0644 \u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0647\u0627\u0645\u0634 \u0648\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0645\u0646\u0635\u0629. \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0630\u064a \u064a\u062f\u064a\u0631 \u0639\u0642\u062f\u064b\u0627 \u062f\u0627\u0626\u0645\u064b\u0627 \u064a\u062f\u064a\u0631 \u0627\u0644\u062a\u0639\u0631\u0636 \u0644\u0644\u0633\u0639\u0631 \u0648\u0627\u0644\u0636\u0645\u0627\u0646 \u0648<a href=\"https:\/\/www.dztecs.com\/blockchain\/rug-pull\/\">\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629<\/a>\u060c \u0648\u0644\u064a\u0633 \u0623\u0635\u0644\u064b\u0627 \u0623\u0633\u0627\u0633\u064a\u064b\u0627 \u0641\u064a <a href=\"https:\/\/www.dztecs.com\/blockchain\/what-is-cryptocurrency-trading-how-to-do-it\/\">\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629<\/a>.<\/p>\n<\/section>\n<section>\n<header>\n<h2 id=\"section-4\">\u0643\u064a\u0641 \u062a\u062d\u0627\u0641\u0638 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0633\u0639\u0631\u0647\u0627 \u0642\u0631\u064a\u0628\u064b\u0627 \u0645\u0646 \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0641\u0648\u0631\u064a \u062f\u0648\u0646 \u0627\u0646\u062a\u0647\u0627\u0621 \u0627\u0644\u0635\u0644\u0627\u062d\u064a\u0629<\/h2>\n<\/header>\n<p>\u0646\u0638\u0631\u064b\u0627 \u0644\u0639\u062f\u0645 \u0648\u062c\u0648\u062f \u062a\u0627\u0631\u064a\u062e \u0627\u0646\u062a\u0647\u0627\u0621 \u0635\u0644\u0627\u062d\u064a\u0629 \u064a\u064f\u062c\u0628\u0631 \u0639\u0644\u0649 \u0627\u0644\u062a\u0633\u0648\u064a\u0629\u060c \u062a\u062d\u062a\u0627\u062c \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0625\u0644\u0649 \u0622\u0644\u064a\u0629 \u0623\u062e\u0631\u0649 \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0633\u0639\u0631\u0647\u0627 \u0642\u0631\u064a\u0628\u064b\u0627 \u0645\u0646 \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0641\u0648\u0631\u064a. \u0647\u0630\u0647 \u0627\u0644\u0622\u0644\u064a\u0629 \u0647\u064a \u0627\u0644\u062a\u0645\u0648\u064a\u0644. \u062a\u062c\u0639\u0644 \u0645\u062f\u0641\u0648\u0639\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0645\u0631\u0643\u0632 \u0623\u062d\u0627\u062f\u064a \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0645\u0643\u0644\u0641\u064b\u0627 \u0639\u0646\u062f\u0645\u0627 \u064a\u0628\u062a\u0639\u062f \u0633\u0639\u0631 \u0627\u0644\u0639\u0642\u062f \u0643\u062b\u064a\u0631\u064b\u0627 \u0639\u0646 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0623\u0633\u0627\u0633\u064a (spot)\u060c \u0648\u064a\u0642\u0648\u0645 \u0645\u062a\u062f\u0627\u0648\u0644\u0648 \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u0629 \u0628\u0627\u0644\u062a\u062f\u062e\u0644 \u0644\u0633\u062f \u0627\u0644\u0641\u062c\u0648\u0629 \u0639\u0646\u062f\u0645\u0627 \u064a\u0643\u0648\u0646 \u0627\u0644\u0641\u0627\u0631\u0642 \u0648\u0627\u0633\u0639\u064b\u0627 \u0628\u0645\u0627 \u064a\u0643\u0641\u064a \u0644\u062a\u062d\u0642\u064a\u0642 \u0627\u0644\u0631\u0628\u062d.<\/p>\n<p>\u062a\u0639\u0645\u0644 \u062b\u0644\u0627\u062b\u0629 \u0645\u0631\u0627\u062c\u0639 \u0633\u0639\u0631\u064a\u0629 \u0628\u0627\u0644\u062a\u0648\u0627\u0632\u064a \u062f\u0627\u062e\u0644 \u0639\u0642\u062f \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u060c \u064a\u062e\u062f\u0645 \u0643\u0644 \u0645\u0646\u0647\u0627 \u063a\u0631\u0636\u064b\u0627 \u0645\u062e\u062a\u0644\u0641\u064b\u0627.<\/p>\n<table>\n<thead>\n<tr>\n<th>\u0627\u0644\u0622\u0644\u064a\u0629<\/th>\n<th>\u0645\u0627\u0630\u0627 \u062a\u0641\u0639\u0644<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u0633\u0639\u0631 \u0627\u0644\u0645\u0624\u0634\u0631<\/td>\n<td>\u064a\u062a\u062a\u0628\u0639 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0641\u0648\u0631\u064a \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645 \u0643\u0645\u0631\u062c\u0639.<\/td>\n<\/tr>\n<tr>\n<td>\u0633\u0639\u0631 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629<\/td>\n<td>\u064a\u0648\u0636\u062d \u0623\u064a\u0646 \u064a\u0642\u0648\u0645 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0648\u0646 \u0628\u0634\u0631\u0627\u0621 \u0648\u0628\u064a\u0639 \u0627\u0644\u0639\u0642\u062f.<\/td>\n<\/tr>\n<tr>\n<td>\u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0645\u0631\u062c\u0639\u064a<\/td>\n<td>\u064a\u0648\u0641\u0631 \u0644\u0645\u062d\u0631\u0643 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0633\u0639\u0631\u064b\u0627 \u0639\u0627\u062f\u0644\u064b\u0627 \u0644\u0641\u062d\u0648\u0635\u0627\u062a \u0627\u0644\u0647\u0627\u0645\u0634 \u0648\u0627\u0644\u062a\u0635\u0641\u064a\u0629.<\/td>\n<\/tr>\n<tr>\n<td>\u0645\u062f\u0641\u0648\u0639\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644<\/td>\n<td>\u062a\u0646\u0642\u0644 \u0627\u0644\u0642\u064a\u0645\u0629 \u0628\u064a\u0646 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0637\u0648\u064a\u0644\u0629 \u0648\u0627\u0644\u0642\u0635\u064a\u0631\u0629 \u0644\u062a\u062b\u0628\u064a\u0637 \u0627\u0644\u0639\u0644\u0627\u0648\u0627\u062a \u0623\u0648 \u0627\u0644\u062e\u0635\u0648\u0645\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629.<\/td>\n<\/tr>\n<tr>\n<td>\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0647\u0627\u0645\u0634<\/td>\n<td>\u062a\u062d\u062f\u062f \u0627\u0644\u0636\u0645\u0627\u0646 \u0627\u0644\u0645\u0637\u0644\u0648\u0628 \u0644\u0641\u062a\u062d \u0627\u0644\u0645\u0631\u0643\u0632 \u0648\u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u064a\u0647.<\/td>\n<\/tr>\n<tr>\n<td>\u0645\u062d\u0641\u0632 \u0627\u0644\u062a\u0635\u0641\u064a\u0629<\/td>\n<td>\u064a\u0641\u0631\u0636 \u062a\u0642\u0644\u064a\u0644 \u0627\u0644\u0645\u0631\u0643\u0632 \u0623\u0648 \u0625\u063a\u0644\u0627\u0642\u0647 \u0639\u0646\u062f\u0645\u0627 \u062a\u0646\u062e\u0641\u0636 \u062d\u0642\u0648\u0642 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0628\u0634\u0643\u0644 \u0643\u0628\u064a\u0631.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u064a\u0633\u062a\u062d\u0642 \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0645\u0631\u062c\u0639\u064a (Mark Price) \u0627\u0644\u0627\u0647\u062a\u0645\u0627\u0645 \u0628\u0647. \u062a\u0633\u062a\u062e\u062f\u0645 \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0647\u0630\u0627 \u0627\u0644\u0633\u0639\u0631\u060c \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0622\u062e\u0631 \u0633\u0639\u0631 \u062a\u0645 \u062a\u062f\u0627\u0648\u0644\u0647\u060c \u0644\u062a\u062d\u062f\u064a\u062f \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u064a\u062c\u0628 <a href=\"https:\/\/www.dztecs.com\/blockchain\/crypto-trading-guide-for-beginners\/\">\u062a\u0635\u0641\u064a\u0629 \u0627\u0644\u0645\u0631\u0643\u0632<\/a>. \u064a\u062d\u0645\u064a \u0647\u0630\u0627 \u0645\u0646 \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0627\u0644\u0642\u0635\u064a\u0631\u0629 \u0641\u064a \u062f\u0641\u062a\u0631 \u0627\u0644\u0623\u0648\u0627\u0645\u0631 \u0627\u0644\u062a\u064a \u0642\u062f \u062a\u0624\u062f\u064a \u0628\u062e\u0644\u0627\u0641 \u0630\u0644\u0643 \u0625\u0644\u0649 \u062a\u0635\u0641\u064a\u0629 \u0645\u0631\u0643\u0632 \u0633\u0644\u064a\u0645. \u0644\u0643\u0646\u0647 \u064a\u0639\u0646\u064a \u0623\u064a\u0636\u064b\u0627 \u0623\u0646 \u0627\u0644\u0645\u0631\u0643\u0632 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0635\u0644 \u0625\u0644\u0649 \u0633\u0639\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0627\u0644\u062e\u0627\u0635 \u0628\u0647 \u062d\u062a\u0649 \u0644\u0648 \u0628\u062f\u0627 \u0622\u062e\u0631 \u0633\u0639\u0631 \u062a\u0645 \u062a\u062f\u0627\u0648\u0644\u0647 \u0623\u0642\u0644 \u062d\u062f\u0629.<\/p>\n<p>\u0639\u0646\u062f \u0642\u0631\u0627\u0621\u0629 \u0639\u0642\u062f \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u060c \u062a\u062a\u0628\u0639 \u0623\u0631\u0628\u0639\u0629 \u0623\u0645\u0648\u0631 \u0645\u0639\u064b\u0627: \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0641\u0648\u0631\u064a \u0623\u0648 \u0633\u0639\u0631 \u0627\u0644\u0645\u0624\u0634\u0631\u060c \u0633\u0639\u0631 \u0627\u0644\u0639\u0642\u062f\u060c \u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0628\u064a\u0646 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0637\u0648\u064a\u0644\u0629 \u0648\u0627\u0644\u0642\u0635\u064a\u0631\u0629\u060c \u0648\u062d\u0642\u0648\u0642 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0641\u064a \u0627\u0644\u062d\u0633\u0627\u0628 \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0639\u062a\u0628\u0629 \u0627\u0644\u0647\u0627\u0645\u0634 \u0627\u0644\u0648\u0642\u0627\u0626\u064a.<\/p>\n<p>\u064a\u0639\u0645\u0644 \u0647\u0630\u0627 \u0627\u0644\u062a\u0635\u0645\u064a\u0645 \u0637\u0627\u0644\u0645\u0627 \u0623\u0646 \u0635\u0646\u0627\u0639 \u0627\u0644\u0633\u0648\u0642\u060c \u0648\u0645\u062a\u062f\u0627\u0648\u0644\u064a \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u0629\u060c \u0648\u0645\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u064a\u0645\u0643\u0646\u0647\u0645 \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0627\u0644\u0641\u0627\u0631\u0642 (spread) \u0636\u0645\u0646 \u0646\u0637\u0627\u0642 \u064a\u0645\u0643\u0646 \u0625\u062f\u0627\u0631\u062a\u0647. \u062e\u0644\u0627\u0644 <a href=\"https:\/\/www.dztecs.com\/blockchain\/crypto-candlestick-charts\/\">\u0641\u062a\u0631\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0639\u0627\u0644\u064a\u0629<\/a>\u060c \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u062a\u062d\u0631\u0643 \u0633\u0639\u0631 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0628\u0634\u0643\u0644 \u062d\u0627\u062f\u060c \u0648\u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u062a\u063a\u064a\u0631 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0628\u0633\u0631\u0639\u0629\u060c \u0648\u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u062a\u0633\u0628\u0628 \u0633\u0644\u0633\u0644\u0629 \u0645\u0646 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0641\u064a \u0633\u0644\u0648\u0643 \u0627\u0644\u0639\u0642\u062f \u0628\u0634\u0643\u0644 \u0645\u062e\u062a\u0644\u0641 \u062a\u0645\u0627\u0645\u064b\u0627 \u0639\u0646 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0627\u0644\u0641\u0648\u0631\u064a \u0628\u0646\u0641\u0633 \u0627\u0644\u0623\u0635\u0644.<\/p>\n<\/section>\n<header>\n<h2 id=\"section-5\">\u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644: \u0645\u0646 \u064a\u062f\u0641\u0639 \u0648\u0645\u0646 \u064a\u0633\u062a\u0644\u0645\u060c \u0648\u0645\u0627\u0630\u0627 \u062a\u0639\u0646\u064a \u0645\u0639\u062f\u0644\u0627\u062a BTC \u0627\u0644\u062d\u0627\u0644\u064a\u0629\u061f<\/h2>\n<\/header>\n<p>\u062a\u064f\u0639\u062f\u0651 <strong>\u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644<\/strong> \u0645\u062f\u0641\u0648\u0639\u0627\u062a \u062f\u0648\u0631\u064a\u0629 \u064a\u062a\u0645 \u062a\u0628\u0627\u062f\u0644\u0647\u0627 \u0628\u064a\u0646 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0623\u0635\u062d\u0627\u0628 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0637\u0648\u064a\u0644\u0629 (Long) \u0648\u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0623\u0635\u062d\u0627\u0628 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0642\u0635\u064a\u0631\u0629 (Short) \u0641\u064a \u0639\u0642\u062f \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 (Perp). \u0639\u0646\u062f\u0645\u0627 \u064a\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0639\u0642\u062f \u0627\u0644\u062f\u0627\u0626\u0645 \u0628\u0633\u0639\u0631 \u0623\u0639\u0644\u0649 \u0645\u0646 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\u0627\u0644\u062f\u0641\u0639\u0629 \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u0627\u0644\u062a\u0639\u0631\u0636 \u0627\u0644\u0627\u0633\u0645\u064a (Notional Exposure)\u060c \u0648\u0644\u064a\u0633 \u0641\u0642\u0637 \u0627\u0644\u0647\u0627\u0645\u0634 \u0627\u0644\u0645\u0648\u062f\u0639. \u0642\u062f \u064a\u0648\u0627\u062c\u0647 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0630\u064a \u064a\u0633\u062a\u062e\u062f\u0645 <strong>\u0631\u0627\u0641\u0639\u0629 \u0645\u0627\u0644\u064a\u0629 \u0639\u0627\u0644\u064a\u0629<\/strong> \u0631\u0633\u0648\u0645 \u062a\u0645\u0648\u064a\u0644 \u062a\u0628\u062f\u0648 \u0635\u063a\u064a\u0631\u0629 \u0643\u0646\u0633\u0628\u0629 \u0645\u0626\u0648\u064a\u0629 \u0645\u0646 \u0642\u064a\u0645\u0629 \u0627\u0644\u0639\u0642\u062f\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u0643\u0648\u0646 \u0643\u0628\u064a\u0631\u0629 \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0645\u0627 \u0647\u0648 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\u0648 Coinbase\u060c \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629 \u0645\u0646 Cboe \u0648\u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629 (on-chain venues)\u060c \u0644\u0623\u0646 \u0644\u0643\u0644 \u0645\u0646\u0647\u0627 \u0633\u064a\u0648\u0644\u062a\u0647\u0627 \u0627\u0644\u062e\u0627\u0635\u0629\u060c \u0648\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0636\u0645\u0627\u0646\u060c \u0648\u062a\u0635\u0645\u064a\u0645 \u0627\u0644\u0639\u0642\u062f\u060c \u0648\u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u0623\u0647\u0644\u064a\u0629\u060c \u0648\u062a\u0631\u0643\u064a\u0628\u0629 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646. \u0642\u062f\u0645\u062a Coinbase \u0648\u0635\u0648\u0644\u0627\u064b \u0625\u0644\u0649 \u0645\u0646\u062a\u062c\u0627\u062a BTC-PERP \u0648 ETH-PERP \u0627\u0644\u0645\u0646\u0638\u0645\u0629 \u0645\u0646 \u0642\u0628\u0644 CFTC \u0644\u0639\u0645\u0644\u0627\u0621 \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0627\u0644\u0645\u0624\u0647\u0644\u064a\u0646 \u0645\u0646 \u062e\u0644\u0627\u0644 Coinbase Financial Markets \u0641\u064a 21 \u064a\u0648\u0644\u064a\u0648 2025. \u0644\u0627 \u062a\u0632\u0627\u0644 \u0627\u0644\u0623\u0647\u0644\u064a\u0629 \u0648\u062d\u062f\u0648\u062f \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u062d\u0645\u0627\u064a\u0629 \u0627\u0644\u062d\u0633\u0627\u0628 \u062a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0627\u0644\u0645\u0646\u062a\u062c \u0648\u0627\u0644\u0645\u0646\u0635\u0629 \u0627\u0644\u0645\u062d\u062f\u062f\u064a\u0646. \u0625\u0630\u0627 \u0643\u0646\u062a \u0645\u0647\u062a\u0645\u064b\u0627 \u0628\u0640 \u062a\u062f\u0627\u0648\u0644 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\u064a\u062d\u062a\u0641\u0638 \u0645\u0634\u062a\u0631\u064a Bitcoin \u0627\u0644\u0641\u0648\u0631\u064a \u0628\u0639\u0645\u0644\u0627\u062a\u0647 \u0628\u0639\u062f \u0627\u0644\u062a\u0633\u0648\u064a\u0629\u060c \u0645\u0639 \u062a\u0639\u0631\u0636 \u0643\u0627\u0645\u0644 \u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u0642\u064a\u0645\u0629 \u0648\u0644\u0643\u0646 \u062f\u0648\u0646 \u0622\u0644\u064a\u0629 \u062a\u0635\u0641\u064a\u0629 \u062a\u062a\u062c\u0627\u0648\u0632 \u0648\u0635\u0648\u0644 \u0627\u0644\u0623\u0635\u0644 \u0625\u0644\u0649 \u0627\u0644\u0635\u0641\u0631. \u064a\u0636\u064a\u0641 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0641\u0648\u0631\u064a \u0628\u0627\u0644\u0647\u0627\u0645\u0634 \u0627\u0644\u0627\u0642\u062a\u0631\u0627\u0636 \u0625\u0644\u0649 \u0630\u0644\u0643 \u2014 \u062d\u064a\u062b \u0644\u0627 \u064a\u0632\u0627\u0644 \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645 \u064a\u062a\u062f\u0627\u0648\u0644 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\u0628\u0622\u0644\u064a\u0629 \u0627\u0644\u062a\u0645\u0648\u064a\u0644.<\/p>\n<table>\n<thead>\n<tr>\n<th>\u0627\u0644\u0645\u0646\u062a\u062c<\/th>\n<th>\u0627\u0644\u0645\u0641\u0627\u0636\u0644\u0629<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0627\u0644\u0641\u0648\u0631\u064a\u0629<\/td>\n<td>\u0645\u0644\u0643\u064a\u0629 \u0645\u0628\u0627\u0634\u0631\u0629 \u0644\u0644\u0623\u0635\u0644\u060c \u0648\u0644\u0643\u0646 \u062a\u0639\u0631\u0636 \u0643\u0627\u0645\u0644 \u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u0633\u0639\u0631.<\/td>\n<\/tr>\n<tr>\n<td>\u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0641\u0648\u0631\u064a \u0628\u0627\u0644\u0647\u0627\u0645\u0634<\/td>\n<td>\u0642\u0648\u0629 \u0634\u0631\u0627\u0626\u064a\u0629 \u0645\u0642\u062a\u0631\u0636\u0629\u060c \u0648\u0644\u0643\u0646 \u0645\u062e\u0627\u0637\u0631 \u0641\u0627\u0626\u062f\u0629 \u0648\u062a\u0635\u0641\u064a\u0629.<\/td>\n<\/tr>\n<tr>\n<td>\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u0645\u062d\u062f\u062f\u0629<\/td>\n<td>\u062a\u0627\u0631\u064a\u062e \u0627\u0646\u062a\u0647\u0627\u0621 \u0648\u062a\u0633\u0648\u064a\u0629 \u0648\u0627\u0636\u062d\u060c \u0648\u0644\u0643\u0646 \u0645\u062e\u0627\u0637\u0631 \u062a\u0631\u062d\u064a\u0644 \u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u062a\u0639\u0631\u0636 \u064a\u062c\u0628 \u0623\u0646 \u064a\u0633\u062a\u0645\u0631.<\/td>\n<\/tr>\n<tr>\n<td>\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629<\/td>\n<td>\u0644\u0627 \u064a\u0648\u062c\u062f \u062a\u0627\u0631\u064a\u062e \u0627\u0646\u062a\u0647\u0627\u0621 \u0639\u0627\u062f\u064a\u060c \u0648\u0644\u0643\u0646 \u062a\u0645\u0648\u064a\u0644 \u0645\u0633\u062a\u0645\u0631 \u0648\u0645\u062e\u0627\u0637\u0631 \u062a\u0635\u0641\u064a\u0629.<\/td>\n<\/tr>\n<tr>\n<td>\u0639\u0642\u0648\u062f \u0627\u0644\u0641\u0631\u0648\u0642\u0627\u062a (CFDs)<\/td>\n<td>\u062a\u0639\u0631\u0636 \u062a\u0639\u0627\u0642\u062f\u064a \u0628\u0634\u0631\u0648\u0637 \u062e\u0627\u0635\u0629 \u0628\u0627\u0644\u0648\u0633\u064a\u0637 \u0648\u0642\u064a\u0648\u062f \u0648\u0635\u0648\u0644 \u0642\u0627\u0646\u0648\u0646\u064a\u0629.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u0644\u0627 \u064a\u0632\u0627\u0644 \u0628\u0625\u0645\u0643\u0627\u0646 \u0627\u0644\u0635\u0641\u0642\u0629 \u0627\u0644\u0641\u0648\u0631\u064a\u0629 \u0623\u0646 \u062a\u0641\u0642\u062f \u0645\u0639\u0638\u0645 \u0642\u064a\u0645\u062a\u0647\u0627. \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u062d\u0645\u0644 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u0645\u062d\u062f\u062f\u0629 \u0645\u062e\u0627\u0637\u0631 \u0643\u0628\u064a\u0631\u0629 \u062d\u0648\u0644 \u0627\u0644\u062a\u0633\u0648\u064a\u0629. \u0642\u062f \u062a\u0628\u062f\u0648 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0645\u0631\u0646\u0629 \u0644\u0639\u062f\u0645 \u0648\u062c\u0648\u062f \u062a\u0627\u0631\u064a\u062e \u0627\u0646\u062a\u0647\u0627\u0621 \u0639\u0627\u062f\u064a \u0644\u0647\u0627\u060c \u0644\u0643\u0646 \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0647\u0627\u0645\u0634 \u062a\u0639\u0646\u064a \u0623\u0646 \u0627\u0644\u062d\u0633\u0627\u0628 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u062a\u0639\u0631\u0636 <a href=\"https:\/\/www.dztecs.com\/blockchain\/is-crypto-staking-worth-it\/\">\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629<\/a> \u0642\u0628\u0644 \u0648\u0642\u062a \u0637\u0648\u064a\u0644 \u0645\u0646 \u0623\u0646 \u062a\u062a\u0627\u062d \u0644\u0641\u0631\u0636\u064a\u0629 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0641\u0631\u0635\u0629 \u0644\u0625\u062b\u0628\u0627\u062a \u0635\u062d\u062a\u0647\u0627.<\/p>\n<p>\u062a\u0642\u062f\u0645 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0625\u0645\u0643\u0627\u0646\u064a\u0629 \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0641\u0648\u0631\u064a\u060c \u0648\u0627\u0644\u0647\u0627\u0645\u0634\u060c \u0648\u0627\u0644\u0645\u0634\u062a\u0642\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0636\u0645\u0646 \u062d\u0633\u0627\u0628 \u0648\u0627\u062d\u062f. \u062a\u0646\u062f\u0631\u062c \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 (Perps) \u0636\u0645\u0646 \u0641\u0626\u0629 \u0627\u0644\u0645\u0634\u062a\u0642\u0627\u062a \u0644\u0623\u0646 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u064a\u062f\u064a\u0631 \u062a\u0639\u0631\u0636\u0627\u064b \u062a\u0639\u0627\u0642\u062f\u064a\u0627\u064b \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0627\u0633\u062a\u0644\u0627\u0645 \u0627\u0644\u0639\u0645\u0644\u0629 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u0641\u0639\u0644\u064a\u0627\u064b.<\/p>\n<\/section>\n<section>\n<header>\n<h2 id=\"section-7\">\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0634\u0631\u0627\u0621 \u0648\u0627\u0644\u0628\u064a\u0639\u060c \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0627\u0644\u0647\u0627\u0645\u0634\u060c \u0648\u0627\u0644\u062a\u0635\u0641\u064a\u0629<\/h2>\n<\/header>\n<p>\u064a\u062a\u0637\u0644\u0628 \u0641\u062a\u062d \u0645\u0631\u0643\u0632 \u0641\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0627\u062e\u062a\u064a\u0627\u0631 \u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u062a\u062f\u0627\u0648\u0644\u060c \u0648\u062a\u0642\u062f\u064a\u0645 \u0636\u0645\u0627\u0646\u060c \u0648\u0642\u0628\u0648\u0644 \u0625\u0645\u0643\u0627\u0646\u064a\u0629 \u0642\u064a\u0627\u0645 \u0627\u0644\u0645\u0646\u0635\u0629 \u0628\u062a\u0642\u0644\u064a\u0635 \u0627\u0644\u0645\u0631\u0643\u0632 \u0623\u0648 \u0625\u063a\u0644\u0627\u0642\u0647 \u0625\u0630\u0627 \u0627\u0646\u062e\u0641\u0636\u062a \u062d\u0642\u0648\u0642 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0641\u064a \u0627\u0644\u062d\u0633\u0627\u0628 \u0625\u0644\u0649 \u0645\u0627 \u062f\u0648\u0646 \u0639\u062a\u0628\u0629 \u0647\u0627\u0645\u0634 \u0627\u0644\u0635\u064a\u0627\u0646\u0629. \u062a\u062a\u0641\u0627\u0639\u0644 \u0647\u0630\u0647 \u0627\u0644\u0639\u0646\u0627\u0635\u0631 \u0627\u0644\u062b\u0644\u0627\u062b\u0629 \u2013 \u0627\u0644\u0627\u062a\u062c\u0627\u0647\u060c \u0648\u0627\u0644\u0636\u0645\u0627\u0646\u060c \u0648\u0622\u0644\u064a\u0629 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u2013 \u0628\u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0637\u0648\u0627\u0644 \u0641\u062a\u0631\u0629 \u0628\u0642\u0627\u0621 \u0627\u0644\u0635\u0641\u0642\u0629 \u0645\u0641\u062a\u0648\u062d\u0629.<\/p>\n<p>\u064a\u062d\u0642\u0642 \u0645\u0631\u0643\u0632 \u0627\u0644\u0634\u0631\u0627\u0621 (Long) \u0641\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0623\u0631\u0628\u0627\u062d\u064b\u0627 \u0625\u0630\u0627 \u0627\u0631\u062a\u0641\u0639 \u0633\u0639\u0631 \u0627\u0644\u0639\u0642\u062f \u0628\u0639\u062f \u0627\u062d\u062a\u0633\u0627\u0628 \u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641. \u0628\u064a\u0646\u0645\u0627 \u064a\u062d\u0642\u0642 \u0645\u0631\u0643\u0632 \u0627\u0644\u0628\u064a\u0639 (Short) \u0623\u0631\u0628\u0627\u062d\u064b\u0627 \u0625\u0630\u0627 \u0627\u0646\u062e\u0641\u0636 \u0627\u0644\u0633\u0639\u0631 \u0628\u0639\u062f \u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641. \u062a\u0636\u0627\u0639\u0641 \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u062d\u062c\u0645 \u0627\u0644\u0645\u0631\u0643\u0632 \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0627\u0644\u0647\u0627\u0645\u0634 \u0627\u0644\u0645\u0648\u062f\u0639\u060c \u0645\u0645\u0627 \u064a\u0632\u064a\u062f \u0645\u0646 \u0627\u062d\u062a\u0645\u0627\u0644\u064a\u0629 \u062a\u062d\u0642\u064a\u0642 \u0627\u0644\u0623\u0631\u0628\u0627\u062d \u0648\u064a\u0633\u0631\u0651\u0639 \u0645\u0646 \u0627\u0633\u062a\u0646\u0632\u0627\u0641 \u0627\u0644\u062d\u0633\u0627\u0628 \u0639\u0646\u062f \u062a\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0639\u0627\u0643\u0633\u0629.<\/p>\n<p>\u064a\u0639\u0645\u0644 \u0627\u0644\u0647\u0627\u0645\u0634 \u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u064a\u064a\u0646. \u0627\u0644\u0647\u0627\u0645\u0634 \u0627\u0644\u0623\u0648\u0644\u064a \u0647\u0648 \u0627\u0644\u0636\u0645\u0627\u0646 \u0627\u0644\u0645\u0637\u0644\u0648\u0628 \u0644\u0641\u062a\u062d \u0627\u0644\u0645\u0631\u0643\u0632. \u0623\u0645\u0627 \u0647\u0627\u0645\u0634 \u0627\u0644\u0635\u064a\u0627\u0646\u0629 \u0641\u0647\u0648 \u0627\u0644\u062d\u062f \u0627\u0644\u0623\u062f\u0646\u0649 \u0645\u0646 \u062d\u0642\u0648\u0642 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0627\u0644\u0644\u0627\u0632\u0645 \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0627\u0644\u0645\u0631\u0643\u0632 \u0645\u0641\u062a\u0648\u062d\u064b\u0627. \u0633\u0639\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0647\u0648 \u0627\u0644\u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u062a\u0642\u0631\u064a\u0628\u064a \u0644\u0644\u0639\u0642\u062f \u0627\u0644\u0630\u064a \u064a\u0628\u062f\u0623 \u0639\u0646\u062f\u0647 \u0645\u062d\u0631\u0643 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0641\u064a \u062a\u0642\u0644\u064a\u0635 \u0627\u0644\u0645\u0631\u0643\u0632 \u0623\u0648 \u0625\u063a\u0644\u0627\u0642\u0647.<\/p>\n<p>\u062a\u0638\u0647\u0631 \u0639\u062f\u0629 \u0645\u062e\u0627\u0637\u0631 \u063a\u0627\u0644\u0628\u064b\u0627 \u0642\u0628\u0644 \u0623\u0646 \u064a\u0628\u062f\u0648 \u0627\u0644\u062d\u0633\u0627\u0628 \u062a\u062d\u062a \u0636\u063a\u0637 \u0648\u0627\u0636\u062d\u060c \u0648\u0645\u0646 \u0627\u0644\u0645\u0647\u0645 \u0645\u0639\u0631\u0641\u062a\u0647\u0627 \u0642\u0628\u0644 \u0627\u0644\u062f\u062e\u0648\u0644 \u0641\u064a \u0623\u064a \u0635\u0641\u0642\u0629 \u062a\u062f\u0627\u0648\u0644.<\/p>\n<ul>\n<li>\u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0635\u0644 \u0633\u0639\u0631 \u0627\u0644\u062a\u0623\u0634\u064a\u0631 (Mark Price) \u0625\u0644\u0649 \u0639\u062a\u0628\u0629 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u062d\u062a\u0649 \u0639\u0646\u062f\u0645\u0627 \u064a\u0628\u062f\u0648 \u0622\u062e\u0631 \u0633\u0639\u0631 \u0645\u062a\u062f\u0627\u0648\u0644 \u0623\u0642\u0644 \u062d\u062f\u0629.<\/li>\n<li>\u064a\u0645\u0643\u0646 \u0644\u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0623\u0646 \u062a\u0633\u062a\u0646\u0632\u0641 \u062d\u0642\u0648\u0642 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u062e\u0644\u0627\u0644 \u0633\u0648\u0642 \u062c\u0627\u0646\u0628\u064a \u0637\u0648\u064a\u0644 \u0627\u0644\u0623\u0645\u062f.<\/li>\n<li>\u064a\u0636\u0639 \u0627\u0644\u0647\u0627\u0645\u0634 \u0627\u0644\u0645\u062a\u0642\u0627\u0637\u0639 (Cross Margin) \u062c\u0645\u064a\u0639 \u0627\u0644\u0636\u0645\u0627\u0646\u0627\u062a \u0641\u064a \u0627\u0644\u062d\u0633\u0627\u0628 \u062a\u062d\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u060c \u0648\u0644\u064a\u0633 \u0641\u0642\u0637 \u0627\u0644\u0647\u0627\u0645\u0634 \u0627\u0644\u0645\u062e\u0635\u0635 \u0644\u0645\u0631\u0643\u0632 \u0648\u0627\u062d\u062f.<\/li>\n<li>\u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0646\u0632\u0644\u0642 \u0623\u0648\u0627\u0645\u0631 \u0627\u0644\u0648\u0642\u0641 (Stop Orders) \u0623\u0648 \u062a\u0641\u0634\u0644 \u0641\u064a \u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u062e\u0644\u0627\u0644 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0633\u0631\u064a\u0639\u0629 \u0627\u0644\u062d\u0631\u0643\u0629.<\/li>\n<li>\u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0642\u0644\u0644 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0627\u0644\u062c\u0632\u0626\u064a\u0629 \u0645\u0646 \u062d\u062c\u0645 \u0627\u0644\u0645\u0631\u0643\u0632 \u0645\u0639 \u062a\u0631\u0643 \u0627\u0644\u062a\u0639\u0631\u0636 \u0627\u0644\u0645\u062a\u0628\u0642\u064a \u0639\u0631\u0636\u0629 \u0644\u0644\u062e\u0637\u0631.<\/li>\n<li>\u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0624\u062b\u0631 \u0627\u0644\u062e\u0641\u0636 \u0627\u0644\u062a\u0644\u0642\u0627\u0626\u064a \u0644\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 (Auto-Deleveraging) \u0639\u0644\u0649 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0627\u0644\u0645\u0631\u0628\u062d\u064a\u0646 \u0625\u0630\u0627 \u0644\u0645 \u064a\u062a\u0645\u0643\u0646 \u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u062a\u0623\u0645\u064a\u0646 \u0645\u0646 \u0627\u0633\u062a\u064a\u0639\u0627\u0628 \u0639\u062c\u0632 \u0627\u0644\u0637\u0631\u0641 \u0627\u0644\u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u062e\u0627\u0633\u0631.<\/li>\n<\/ul>\n<p>\u062a\u064f\u0639\u062f \u0628\u064a\u0627\u0646\u0627\u062a \u062a\u0635\u0641\u064a\u0629 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0645\u0647\u0645\u0629 \u0644\u0623\u0646 \u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0644\u064a\u0633\u062a \u0645\u062c\u0631\u062f \u062d\u062f\u062b \u0634\u062e\u0635\u064a \u0644\u0644\u062d\u0633\u0627\u0628. \u0641\u0639\u0646\u062f\u0645\u0627 \u062a\u062a\u0634\u0627\u0631\u0643 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0630\u0627\u062a \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0645\u0646\u0627\u0637\u0642 \u062a\u0635\u0641\u064a\u0629 \u0645\u062a\u0634\u0627\u0628\u0647\u0629\u060c \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0636\u064a\u0641 \u0627\u0644\u0628\u064a\u0639 \u0627\u0644\u0642\u0633\u0631\u064a \u0623\u0648 \u0627\u0644\u0634\u0631\u0627\u0621 \u0627\u0644\u0642\u0633\u0631\u064a \u0636\u063a\u0637\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0639\u0644\u0649 <a href=\"https:\/\/www.dztecs.com\/blockchain\/?p=423\">\u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0623\u0648\u0633\u0639<\/a>.<\/p>\n<p>\u062a\u064f\u0639\u062f \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u062a\u0623\u0645\u064a\u0646 \u0648\u0627\u0644\u062e\u0641\u0636 \u0627\u0644\u062a\u0644\u0642\u0627\u0626\u064a \u0644\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0622\u0644\u064a\u0627\u062a \u062f\u0639\u0645\u060c \u0648\u0644\u064a\u0633\u062a \u0636\u0645\u0627\u0646\u0627\u062a. \u064a\u063a\u0637\u064a \u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u062a\u0623\u0645\u064a\u0646 \u0627\u0644\u062e\u0633\u0627\u0626\u0631 \u0627\u0644\u0646\u0627\u062c\u0645\u0629 \u0639\u0646 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0645\u0641\u0644\u0633\u0629 \u062d\u062a\u0649 \u0631\u0635\u064a\u062f\u0647. \u0648\u0639\u0646\u062f\u0645\u0627 \u062a\u062a\u062c\u0627\u0648\u0632 \u0627\u0644\u062e\u0633\u0627\u0626\u0631 \u0647\u0630\u0627 \u0627\u0644\u0631\u0635\u064a\u062f\u060c \u064a\u0642\u0648\u0645 \u0627\u0644\u062e\u0641\u0636 \u0627\u0644\u062a\u0644\u0642\u0627\u0626\u064a \u0644\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0628\u062a\u062d\u0648\u064a\u0644 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062a\u0628\u0642\u064a\u0629 \u0625\u0644\u0649 \u0627\u0644\u0623\u0637\u0631\u0627\u0641 \u0627\u0644\u0645\u0642\u0627\u0628\u0644\u0629 \u0627\u0644\u0645\u0631\u0628\u062d\u0629.<\/p>\n<\/section>\n<section>\n<header>\n<h2 id=\"section-8\">\u0645\u0627 \u0647\u064a \u0627\u0633\u062a\u062e\u062f\u0627\u0645\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 (Perpetual Futures)\u061f<\/h2>\n<\/header>\n<p>\u062a\u064f\u0633\u062a\u062e\u062f\u0645 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0641\u064a \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0644\u0623\u063a\u0631\u0627\u0636 \u0645\u062a\u0639\u062f\u062f\u0629\u060c \u0648\u062a\u062e\u062a\u0644\u0641 \u0647\u0630\u0647 \u0627\u0644\u0627\u0633\u062a\u062e\u062f\u0627\u0645\u0627\u062a \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u0643\u064a\u0641\u064a\u0629 \u062f\u0645\u062c\u0647\u0627 \u0645\u0639 \u062d\u064a\u0627\u0632\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0641\u0648\u0631\u064a\u0629\u060c \u0648\u0646\u0648\u0639 \u0627\u0644\u0636\u0645\u0627\u0646 \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645\u060c \u0648\u0627\u0644\u0645\u062f\u0629 \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629 \u0644\u0628\u0642\u0627\u0621 \u0627\u0644\u0645\u0631\u0643\u0632 \u0645\u0641\u062a\u0648\u062d\u064b\u0627. \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0638\u0647\u0631 \u0627\u0644\u0639\u0642\u062f \u0646\u0641\u0633\u0647 \u0628\u0634\u0643\u0644 \u0645\u062e\u062a\u0644\u0641 \u062a\u0645\u0627\u0645\u064b\u0627 \u0641\u064a \u0627\u0644\u0645\u0645\u0627\u0631\u0633\u0629 \u0627\u0644\u0639\u0645\u0644\u064a\u0629 \u0627\u0639\u062a\u0645\u0627\u062f\u064b\u0627 \u0639\u0644\u0649 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u064a\u0636\u0627\u0631\u0628 \u0639\u0644\u0649 \u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0633\u0639\u0631\u060c \u0623\u0648 \u064a\u062d\u0645\u064a \u0645\u0631\u0643\u0632\u064b\u0627 \u0642\u0627\u0626\u0645\u064b\u0627\u060c \u0623\u0648 \u064a\u0633\u0639\u0649 \u0644\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646 \u0641\u0631\u0648\u0642\u0627\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0628\u064a\u0646 \u0627\u0644\u0623\u0633\u0648\u0627\u0642.<\/p>\n<p>\u062a\u062d\u0645\u0644 \u0643\u0644 \u062d\u0627\u0644\u0629 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0634\u0627\u0626\u0639\u0629 \u0644\u0647\u0630\u0647 \u0627\u0644\u0639\u0642\u0648\u062f \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u0646 \u0627\u0644\u0645\u0641\u0627\u0636\u0644\u0627\u062a \u0648\u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0647\u0627:<\/p>\n<ul>\n<li><strong>\u0627\u0644\u0645\u0636\u0627\u0631\u0628\u0629 \u0639\u0644\u0649 \u0627\u0644\u0627\u062a\u062c\u0627\u0647:<\/strong> \u062a\u0633\u062a\u062e\u062f\u0645 \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0644\u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u062a\u0639\u0631\u0636 \u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631\u060c \u0644\u0643\u0646 \u0627\u0644\u062e\u0633\u0627\u0626\u0631 \u062a\u062a\u0646\u0627\u0633\u0628 \u0637\u0631\u062f\u064a\u064b\u0627 \u0645\u0639 \u062d\u062c\u0645 \u0627\u0644\u0645\u0631\u0643\u0632 \u0648\u062a\u062a\u0633\u0627\u0631\u0639 \u0646\u062d\u0648 \u0627\u0644\u062a\u0635\u0641\u064a\u0629.<\/li>\n<li><strong>\u0627\u0644\u062a\u062d\u0648\u0637:<\/strong> \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0642\u0644\u0644 \u0645\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0641\u064a \u0645\u062d\u0641\u0638\u0629 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0641\u0648\u0631\u064a\u0629\u060c \u0648\u0644\u0643\u0646 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\u0645\u0648\u0627\u062a\u064a\u064a\u0646.<\/li>\n<li><strong>\u062a\u062f\u0627\u0648\u0644\u0627\u062a \u0627\u0644\u0623\u0633\u0627\u0633:<\/strong> \u062a\u0633\u062a\u063a\u0644 \u0641\u0631\u0642 \u0627\u0644\u0633\u0639\u0631 \u0628\u064a\u0646 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0641\u0648\u0631\u064a\u0629 \u0648\u0639\u0642\u062f \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u062c\u0648\u062f\u0629 \u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u0648\u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0627\u0644\u0631\u0633\u0648\u0645 \u0648\u0627\u0644\u0636\u0645\u0627\u0646 \u0627\u0644\u0645\u0633\u062a\u0642\u0631.<\/li>\n<li><strong>\u0635\u0646\u0627\u0639\u0629 \u0627\u0644\u0633\u0648\u0642:<\/strong> \u062a\u0647\u062f\u0641 \u0625\u0644\u0649 \u0643\u0633\u0628 \u0627\u0644\u0641\u0627\u0631\u0642 \u0628\u064a\u0646 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0639\u0631\u0636 \u0648\u0627\u0644\u0637\u0644\u0628\u060c \u0648\u0644\u0643\u0646\u0647\u0627 \u062a\u062a\u0637\u0644\u0628 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062e\u0632\u0648\u0646\u060c \u0648\u0623\u0646\u0638\u0645\u0629 \u062a\u0646\u0641\u064a\u0630 \u0633\u0631\u064a\u0639\u0629\u060c \u0648\u0645\u0648\u062b\u0648\u0642\u064a\u0629 \u0627\u0644\u0645\u0646\u0635\u0629.<\/li>\n<\/ul>\n<p>\u0644\u064a\u0633\u062a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0645\u0646\u0627\u0633\u0628\u0629 \u0644\u0643\u0644 \u0645\u062a\u062f\u0627\u0648\u0644 \u0646\u0634\u0637. \u0641\u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0646\u062c\u062d \u0641\u064a \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0641\u0648\u0631\u064a\u0629 \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u062a\u0635\u0631\u0641 \u0628\u0634\u0643\u0644 \u0645\u062e\u062a\u0644\u0641 \u062a\u0645\u0627\u0645\u064b\u0627 \u0639\u0646\u062f \u0625\u0636\u0627\u0641\u0629 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644\u060c \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629\u060c \u0648\u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0625\u0644\u0649 \u0646\u0641\u0633 \u062d\u0631\u0643\u0629 \u0627\u0644\u0633\u0639\u0631.<\/p>\n<\/section>\n<section>\n<header>\n<h2 id=\"section-9\">\u0643\u064a\u0641 \u062a\u0634\u0643\u0644 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0628\u0645\u0627 \u064a\u062a\u062c\u0627\u0648\u0632 \u0645\u062c\u0631\u062f \u0645\u0631\u0643\u0632 \u0648\u0627\u062d\u062f<\/h2>\n<\/header>\n<p>\u0644\u0627 \u062a\u0624\u062b\u0631 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 (Perps) \u0639\u0644\u0649 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0627\u0644\u0630\u064a\u0646 \u064a\u0645\u062a\u0644\u0643\u0648\u0646\u0647\u0627 \u0641\u062d\u0633\u0628\u060c \u0628\u0644 \u062a\u0645\u062a\u062f \u062a\u0623\u062b\u064a\u0631\u0627\u062a\u0647\u0627 \u0644\u062a\u0634\u0645\u0644 \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0628\u0623\u0643\u0645\u0644\u0647\u0627. \u0646\u0638\u0631\u064b\u0627 \u0644\u0648\u062c\u0648\u062f \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0627\u0644\u0643\u0628\u064a\u0631\u0629 \u062c\u0646\u0628\u064b\u0627 \u0625\u0644\u0649 \u062c\u0646\u0628 \u0645\u0639 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0641\u0648\u0631\u064a\u0629 \u0644\u0646\u0641\u0633 \u0627\u0644\u0623\u0635\u0648\u0644\u060c \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0624\u062b\u0631 \u062a\u062d\u062f\u064a\u062f \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0641\u064a \u0627\u0644\u0645\u0634\u062a\u0642\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0628\u0634\u0643\u0644 \u0645\u0628\u0627\u0634\u0631 \u0639\u0644\u0649 \u062a\u0633\u0639\u064a\u0631 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0641\u0648\u0631\u064a \u0645\u0646 \u062e\u0644\u0627\u0644 \u062a\u062f\u0641\u0642\u0627\u062a \u0627\u0644\u062a\u062d\u0648\u0637 \u0648\u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0644\u0645\u0631\u0627\u062c\u062d\u0629.<\/p>\n<p>\u062a\u0642\u064a\u0633 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u0641\u062a\u0648\u062d\u0629 (Open Interest) \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a\u0629 \u0644\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062a\u064a \u0644\u0645 \u064a\u062a\u0645 \u0625\u063a\u0644\u0627\u0642\u0647\u0627 \u0628\u0639\u062f. \u064a\u0634\u064a\u0631 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u0641\u062a\u0648\u062d\u0629 \u0625\u0644\u0649 \u062a\u0631\u0627\u0643\u0645 \u0627\u0644\u0645\u0632\u064a\u062f \u0645\u0646 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0630\u0627\u062a \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0641\u064a \u0627\u0644\u0633\u0648\u0642\u060c \u0648\u0625\u0630\u0627 \u0643\u0627\u0646 \u062c\u0632\u0621 \u0643\u0628\u064a\u0631 \u0645\u0646 \u0647\u0630\u0627 \u0627\u0644\u062a\u0639\u0631\u0636 \u0627\u062a\u062c\u0627\u0647\u064a\u064b\u0627\u060c \u0641\u0625\u0646 \u0623\u064a \u0627\u0646\u0639\u0643\u0627\u0633 \u0642\u062f \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0639\u0645\u0644\u064a\u0627\u062a \u062a\u0635\u0641\u064a\u0629 \u0642\u0633\u0631\u064a\u0629 \u062a\u0636\u062e\u0645 \u0627\u0644\u062d\u0631\u0643\u0629. \u062a\u064f\u0638\u0647\u0631 \u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 (Funding Rates) \u0623\u064a \u0637\u0631\u0641 \u064a\u062f\u0641\u0639 \u062d\u0627\u0644\u064a\u064b\u0627 \u0645\u0642\u0627\u0628\u0644 \u0647\u0630\u0627 \u0627\u0644\u062a\u0639\u0631\u0636\u060c \u0628\u064a\u0646\u0645\u0627 \u062a\u0648\u0636\u062d \u062e\u0631\u0627\u0626\u0637 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 (Liquidation Maps) \u0623\u064a\u0646 \u0642\u062f \u062a\u062a\u062c\u0645\u0639 \u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0644\u0625\u063a\u0644\u0627\u0642 \u0627\u0644\u0642\u0633\u0631\u064a\u0629 \u062d\u0648\u0644 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0633\u0639\u0631\u064a\u0629 \u0645\u062d\u062f\u062f\u0629.<\/p>\n<p>\u062a\u0643\u0648\u0646 \u0647\u0630\u0647 \u0627\u0644\u0625\u0634\u0627\u0631\u0627\u062a \u0623\u0643\u062b\u0631 \u0641\u0627\u0626\u062f\u0629 \u0639\u0646\u062f \u0642\u0631\u0627\u0621\u062a\u0647\u0627 \u0645\u0639\u064b\u0627\u060c \u0648\u0644\u064a\u0633 \u0628\u0645\u0639\u0632\u0644 \u0639\u0646 \u0628\u0639\u0636\u0647\u0627 \u0627\u0644\u0628\u0639\u0636.<\/p>\n<table>\n<thead>\n<tr>\n<th>\u0625\u0634\u0627\u0631\u0629 \u0627\u0644\u0633\u0648\u0642<\/th>\n<th>\u0645\u0627 \u064a\u062c\u0628 \u0627\u0644\u062a\u062d\u0642\u0642 \u0645\u0646\u0647 \u0642\u0628\u0644 \u0627\u062a\u062e\u0627\u0630 \u0627\u0644\u0625\u062c\u0631\u0627\u0621<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u062a\u0645\u0648\u064a\u0644 \u0625\u064a\u062c\u0627\u0628\u064a \u0645\u0631\u062a\u0641\u0639<\/td>\n<td>\u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u0641\u062a\u0648\u062d\u0629 \u062a\u0631\u062a\u0641\u0639 \u0623\u064a\u0636\u064b\u0627.<\/td>\n<\/tr>\n<tr>\n<td>\u062a\u0645\u0648\u064a\u0644 \u0633\u0644\u0628\u064a \u0645\u0631\u062a\u0641\u0639<\/td>\n<td>\u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0642\u0635\u064a\u0631\u0629 \u0645\u0643\u062a\u0638\u0629 \u0623\u0648 \u0623\u0646 \u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0641\u0648\u0631\u064a \u0636\u0639\u064a\u0641.<\/td>\n<\/tr>\n<tr>\n<td>\u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u0641\u062a\u0648\u062d\u0629<\/td>\n<td>\u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0627\u062a\u062c\u0627\u0647\u064a\u0629 \u0623\u0645 \u0645\u062d\u0648\u0637\u0629.<\/td>\n<\/tr>\n<tr>\n<td>\u062a\u062c\u0645\u0639\u0627\u062a \u0627\u0644\u062a\u0635\u0641\u064a\u0629<\/td>\n<td>\u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0642\u0631\u064a\u0628\u0629 \u0642\u062f \u062a\u0641\u0631\u0636 \u0639\u0645\u0644\u064a\u0627\u062a \u0625\u063a\u0644\u0627\u0642.<\/td>\n<\/tr>\n<tr>\n<td>\u0623\u0633\u0627\u0633 \u0648\u0627\u0633\u0639<\/td>\n<td>\u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0627\u0644\u0631\u0633\u0648\u0645 \u0648\u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u062a\u0639\u0648\u0636 \u0627\u0644\u0641\u0627\u0631\u0642.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u0644\u0627 \u064a\u0646\u0628\u063a\u064a \u0623\u0646 \u062a\u0639\u062a\u0645\u062f \u0642\u0631\u0627\u0631\u0627\u062a \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0639\u0644\u0649 \u0625\u0634\u0627\u0631\u0629 \u0648\u0627\u062d\u062f\u0629 \u0641\u0642\u0637. \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0638\u0644 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0645\u0631\u062a\u0641\u0639\u064b\u0627 \u0637\u0648\u0627\u0644 \u0627\u062a\u062c\u0627\u0647 \u0642\u0648\u064a. \u0642\u062f \u062a\u0631\u062a\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u0641\u062a\u0648\u062d\u0629 \u0628\u0633\u0628\u0628 \u0646\u0634\u0627\u0637 \u0635\u0646\u0627\u0639 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u062a\u062d\u0648\u0637\u064a\u0646\u060c \u0648\u0644\u064a\u0633 \u0628\u0627\u0644\u0636\u0631\u0648\u0631\u0629 \u0628\u0633\u0628\u0628 \u0628\u0646\u0627\u0621 \u0631\u0627\u0641\u0639\u0629 \u0645\u0627\u0644\u064a\u0629 \u0627\u062a\u062c\u0627\u0647\u064a\u0629. \u062a\u062d\u062f\u062f \u062e\u0631\u0627\u0626\u0637 \u062d\u0631\u0627\u0631\u0629 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0645\u0646\u0627\u0637\u0642 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0648\u0644\u0643\u0646\u0647\u0627 \u0644\u0627 \u062a\u062a\u0646\u0628\u0623 \u0628\u0623\u0646 \u0627\u0644\u0633\u0639\u0631 \u0633\u064a\u0635\u0644 \u0625\u0644\u064a\u0647\u0627 \u0628\u0627\u0644\u0636\u0631\u0648\u0631\u0629.<\/p>\n<p>\u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0624\u062f\u064a \u0639\u0645\u0644\u064a\u0627\u062a \u062a\u0635\u0641\u064a\u0629 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0637\u0648\u064a\u0644\u0629 \u0627\u0644\u0642\u0633\u0631\u064a\u0629 \u0625\u0644\u0649 \u0636\u063a\u0637 \u0628\u064a\u0639 \u0645\u062a\u062a\u0627\u0644\u064a. \u0628\u064a\u0646\u0645\u0627 \u064a\u0645\u0643\u0646 \u0644\u0639\u0645\u0644\u064a\u0627\u062a \u0636\u063a\u0637 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0642\u0635\u064a\u0631\u0629 (Short Squeezes) \u0623\u0646 \u062a\u0641\u0631\u0636 \u0627\u0644\u0634\u0631\u0627\u0621 \u0645\u0646 \u062e\u0644\u0627\u0644 \u062a\u062d\u062f\u064a\u062f \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0641\u064a \u0627\u0644\u0645\u0634\u062a\u0642\u0627\u062a. \u062a\u062a\u062f\u0641\u0642 \u0643\u0644\u062a\u0627 \u0647\u0627\u062a\u064a\u0646 \u0627\u0644\u0638\u0627\u0647\u0631\u062a\u064a\u0646 \u0639\u0628\u0631 \u0645\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0627\u0644\u0645\u0646\u0635\u0629\u060c \u0648\u064a\u0645\u0643\u0646\u0647\u0645\u0627 \u062c\u0639\u0644 \u0633\u0648\u0642 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u064a\u062a\u062d\u0631\u0643 \u0628\u0634\u0643\u0644 \u0645\u0633\u062a\u0642\u0644 \u0639\u0646 \u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0641\u0648\u0631\u064a \u0644\u0641\u062a\u0631\u0629 \u0645\u0646 \u0627\u0644\u0632\u0645\u0646.<\/p>\n<\/section>\n<section>\n<header>\n<h2 id=\"section-10\">\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0645\u0642\u0627\u0628\u0644 \u0645\u0646\u0635\u0627\u062a DEXs \u0644\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629<\/h2>\n<\/header>\n<p>\u062a\u0642\u062f\u0645 \u0643\u0644 \u0645\u0646 \u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 (CEXs) \u0648\u0645\u0646\u0635\u0627\u062a DEXs \u0644\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629 \u0625\u0645\u0643\u0627\u0646\u064a\u0629 \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0639\u0642\u0648\u062f \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0644\u0643\u0646\u0647\u0645\u0627 \u062a\u062e\u062a\u0644\u0641\u0627\u0646 \u0641\u064a \u0645\u0643\u0627\u0646 \u062d\u0641\u0638 \u0627\u0644\u0623\u0635\u0648\u0644\u060c \u0648\u0643\u064a\u0641\u064a\u0629 \u0645\u0637\u0627\u0628\u0642\u0629 \u0627\u0644\u0623\u0648\u0627\u0645\u0631\u060c \u0648\u0645\u0627\u0630\u0627 \u064a\u062d\u062f\u062b \u0641\u064a \u062d\u0627\u0644 \u0648\u062c\u0648\u062f \u0645\u0634\u0643\u0644\u0627\u062a. \u062a\u062f\u064a\u0631 \u0627\u0644\u0628\u0648\u0631\u0635\u0629 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0627\u0644\u062d\u0633\u0627\u0628\u0627\u062a\u060c \u0648\u062f\u0641\u0627\u062a\u0631 \u0627\u0644\u0623\u0648\u0627\u0645\u0631\u060c \u0648\u0627\u0644\u0647\u0627\u0645\u0634 (margin)\u060c \u0648\u0627\u0644\u062a\u0635\u0641\u064a\u0629 (liquidation) \u0636\u0645\u0646 \u0628\u0646\u064a\u062a\u0647\u0627 \u0627\u0644\u062a\u062d\u062a\u064a\u0629 \u0627\u0644\u062e\u0627\u0635\u0629. \u0628\u064a\u0646\u0645\u0627 \u062a\u0648\u062c\u0647 \u0627\u0644\u0645\u0646\u0635\u0629 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a\u0629 \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645\u064a\u0646 \u0627\u0644\u0630\u064a\u0646 \u064a\u0639\u062a\u0645\u062f\u0648\u0646 \u0639\u0644\u0649 \u0627\u0644\u0645\u062d\u0627\u0641\u0638 \u0639\u0628\u0631 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0630\u0643\u064a\u0629 (smart contracts)\u060c \u0648\u0627\u0644\u0623\u0648\u0631\u0627\u0643\u0644 (oracles)\u060c \u0648\u0645\u062c\u0645\u0639\u0627\u062a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 (liquidity pools)\u060c \u0623\u0648 \u062f\u0641\u0627\u062a\u0631 \u0627\u0644\u0623\u0648\u0627\u0645\u0631 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a\u0629.<\/p>\n<p>\u0639\u0627\u062f\u0629\u064b \u0645\u0627 \u062a\u0648\u0641\u0631 \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0633\u064a\u0648\u0644\u0629 \u0623\u0639\u0645\u0642 \u0648\u0645\u0637\u0627\u0628\u0642\u0629 \u0623\u0648\u0627\u0645\u0631 \u0623\u0633\u0631\u0639\u060c \u0644\u0643\u0646 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u064a\u0639\u062a\u0645\u062f\u0648\u0646 \u0639\u0644\u0649 \u0627\u0644\u0628\u0648\u0631\u0635\u0629 \u0641\u064a \u062d\u0641\u0638 \u0627\u0644\u0623\u0635\u0648\u0644\u060c \u0648\u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0644\u0633\u062d\u0628\u060c \u0648\u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0627\u0644\u062d\u0633\u0627\u0628\u0627\u062a\u060c \u0648\u0633\u0644\u0627\u0645\u0629 \u0645\u062d\u0631\u0643 \u0627\u0644\u0645\u062e\u0627\u0637\u0631. \u0628\u064a\u0646\u0645\u0627 \u062a\u0642\u0644\u0644 \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a\u0629 \u0628\u0639\u0636\u064b\u0627 \u0645\u0646 \u0647\u0630\u0627 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u0627\u0644\u062d\u0641\u0638\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u0642\u062f\u0645 \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u062a\u0648\u0642\u064a\u0639 \u0627\u0644\u0645\u062d\u0641\u0638\u0629\u060c \u0648\u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u0627\u0644\u0623\u0648\u0631\u0627\u0643\u0644\u060c \u0648\u0627\u0644\u062a\u0639\u0631\u0636 \u0644\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0630\u0643\u064a\u0629\u060c \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062c\u0633\u0648\u0631 (bridge risk)\u060c \u0648\u0642\u064a\u0648\u062f \u0627\u0644\u0633\u064a\u0648\u0644\u0629.<\/p>\n<p>\u0644\u0627 \u064a\u0639\u062a\u0628\u0631 \u0623\u064a \u0645\u0646 \u0627\u0644\u0646\u0645\u0648\u0630\u062c\u064a\u0646 \u0623\u0643\u062b\u0631 \u0623\u0645\u0627\u0646\u064b\u0627 \u0628\u0637\u0628\u064a\u0639\u062a\u0647. \u0641\u0627\u0644\u0645\u0642\u0627\u064a\u0636\u0627\u062a \u0645\u062e\u062a\u0644\u0641\u0629 \u0648\u0644\u064a\u0633\u062a \u0642\u0627\u0628\u0644\u0629 \u0644\u0644\u062a\u0631\u062a\u064a\u0628.<\/p>\n<table>\n<thead>\n<tr>\n<th>\u0646\u0645\u0648\u0630\u062c \u0627\u0644\u0645\u0646\u0635\u0629<\/th>\n<th>\u0627\u0644\u0645\u0642\u0627\u064a\u0636\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0641\u064a \u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629<\/td>\n<td>\u0623\u062f\u0648\u0627\u062a \u0645\u0637\u0627\u0628\u0642\u0629 \u0648\u062d\u0633\u0627\u0628\u0627\u062a \u0642\u0648\u064a\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u0646\u0637\u0648\u064a \u0639\u0644\u0649 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062d\u0641\u0638 \u0648\u0627\u0644\u0623\u0647\u0644\u064a\u0629.<\/td>\n<\/tr>\n<tr>\n<td>\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629 (\u062f\u0641\u062a\u0631 \u0627\u0644\u0623\u0648\u0627\u0645\u0631)<\/td>\n<td>\u0648\u0635\u0648\u0644 \u0623\u0643\u0628\u0631 \u064a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0627\u0644\u0645\u062d\u0641\u0638\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u0646\u0637\u0648\u064a \u0639\u0644\u0649 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0630\u0643\u064a\u0629 \u0648\u062a\u0635\u0645\u064a\u0645 \u0627\u0644\u0633\u064a\u0648\u0644\u0629.<\/td>\n<\/tr>\n<tr>\n<td>\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0627\u0644\u0642\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0623\u0648\u0631\u0627\u0643\u0644 \u0648\u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a<\/td>\n<td>\u062a\u0633\u0648\u064a\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u0646\u0637\u0648\u064a \u0639\u0644\u0649 \u0645\u062e\u0627\u0637\u0631 \u062a\u063a\u0630\u064a\u0629 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0648\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0645\u062c\u0645\u0639\u0627\u062a.<\/td>\n<\/tr>\n<tr>\n<td>\u0627\u0644\u062a\u0635\u0627\u0645\u064a\u0645 \u0627\u0644\u0647\u062c\u064a\u0646\u0629<\/td>\n<td>\u0628\u0646\u064a\u0629 \u062a\u062d\u062a\u064a\u0629 \u0623\u0643\u062b\u0631 \u0645\u0631\u0648\u0646\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u062a\u0637\u0644\u0628 \u0641\u0647\u0645\u064b\u0627 \u0623\u0643\u0628\u0631 \u0644\u0644\u0645\u0643\u0648\u0646\u0627\u062a.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u062a\u062a\u0628\u0639 \u0645\u0646\u0635\u0627\u062a Hyperliquid \u0648 dYdX \u0648 GMX \u0648 Drift \u0648 Synthetix \u0648 Perpetual Protocol \u0643\u0644 \u0645\u0646\u0647\u0627 \u0646\u0647\u062c\u064b\u0627 \u0645\u062e\u062a\u0644\u0641\u064b\u0627. \u0641\u0628\u0639\u0636\u0647\u0627 \u064a\u0633\u062a\u062e\u062f\u0645 \u062f\u0641\u0627\u062a\u0631 \u0623\u0648\u0627\u0645\u0631 \u0645\u0634\u0627\u0628\u0647\u0629 \u0644\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629. \u0628\u064a\u0646\u0645\u0627 \u064a\u0639\u062a\u0645\u062f \u0627\u0644\u0628\u0639\u0636 \u0627\u0644\u0622\u062e\u0631 \u0639\u0644\u0649 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0645\u062c\u0645\u0639\u0629\u060c \u0623\u0648 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0645\u062f\u0629 \u0645\u0646 \u0627\u0644\u0623\u0648\u0631\u0627\u0643\u0644\u060c \u0623\u0648 \u0627\u0644\u062a\u0639\u0631\u0636 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a. \u064a\u0642\u062f\u0645 \u0645\u0631\u0627\u062c\u0639\u0629 \u0645\u0646\u0635\u0629 Hyperliquid \u0633\u064a\u0627\u0642\u064b\u0627 \u062d\u0648\u0644 \u0625\u062d\u062f\u0649 \u0645\u0646\u0635\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629 \u0627\u0644\u0623\u0643\u062b\u0631 \u0631\u0633\u0648\u062e\u064b\u0627.<\/p>\n<p>\u0644\u0627 \u064a\u0632\u064a\u0644 \u0627\u0644\u062d\u0641\u0638 \u0627\u0644\u0630\u0627\u062a\u064a \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629. \u064a\u0645\u0643\u0646 \u062a\u0635\u0641\u064a\u0629 \u0627\u0644\u062d\u0633\u0627\u0628\u0627\u062a \u0627\u0644\u0642\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0645\u062d\u0627\u0641\u0638 \u062a\u0645\u0627\u0645\u064b\u0627 \u0643\u0645\u0627 \u064a\u0645\u0643\u0646 \u062a\u0635\u0641\u064a\u0629 \u0627\u0644\u062d\u0633\u0627\u0628\u0627\u062a \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0625\u0630\u0627 \u062a\u062c\u0627\u0648\u0632 \u0627\u0644\u0645\u0631\u0643\u0632 \u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0647\u0627\u0645\u0634. \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u062a\u0623\u062b\u0631 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629 \u0623\u064a\u0636\u064b\u0627 \u0628\u062a\u0623\u062e\u064a\u0631\u0627\u062a \u0627\u0644\u0623\u0648\u0631\u0627\u0643\u0644\u060c \u0623\u0648 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0636\u0639\u064a\u0641\u0629\u060c \u0623\u0648 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0627\u0644\u0641\u0627\u0634\u0644\u0629\u060c \u0623\u0648 \u0627\u0644\u062a\u0639\u0631\u0636 \u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062c\u0633\u0648\u0631 \u0627\u0644\u062a\u064a \u0644\u0627 \u062a\u0642\u062f\u0645\u0647\u0627 \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629.<\/p>\n<p>\u062a\u062e\u062a\u0644\u0641 \u062a\u0648\u0641\u0631 \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0623\u064a\u0636\u064b\u0627 \u062d\u0633\u0628 \u0627\u0644\u0648\u0644\u0627\u064a\u0629 \u0627\u0644\u0642\u0636\u0627\u0626\u064a\u0629. \u064a\u062e\u062a\u0644\u0641 \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a\u060c \u0648\u062d\u062f\u0648\u062f \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0648\u0623\u0647\u0644\u064a\u0629 \u0627\u0644\u0645\u0634\u062a\u0642\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u062d\u0633\u0628 \u0627\u0644\u0645\u0646\u0637\u0642\u0629 \u0648\u0646\u0648\u0639 \u0627\u0644\u062d\u0633\u0627\u0628\u060c \u0644\u0630\u0627 \u064a\u062c\u062f\u0631 \u0627\u0644\u062a\u062d\u0642\u0642 \u0645\u0646 \u0635\u0641\u062d\u0629 \u0627\u0644\u0645\u0646\u062a\u062c \u0627\u0644\u0645\u062d\u062f\u062f\u0629 \u0642\u0628\u0644 \u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u062d\u0633\u0627\u0628.<\/p>\n<\/section>\n<section>\n<header>\n<h2 id=\"section-11\">\u0643\u064a\u0641 \u062a\u0642\u0627\u0631\u0646 \u0645\u0646\u0635\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0642\u0628\u0644 \u0641\u062a\u062d \u062d\u0633\u0627\u0628\u061f<\/h2>\n<\/header>\n<p>\u0639\u0646\u062f \u0627\u062e\u062a\u064a\u0627\u0631 \u0645\u0646\u0635\u0629 \u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u060c \u064a\u062c\u0628 \u0623\u0646 \u064a\u062a\u062c\u0627\u0648\u0632 \u062a\u0641\u0643\u064a\u0631\u0643 \u0645\u062c\u0631\u062f \u0627\u0644\u0628\u062d\u062b \u0639\u0646 \u0627\u0644\u0645\u0646\u0635\u0629 \u0627\u0644\u062a\u064a \u062a\u0642\u062f\u0645 \u0623\u0639\u0644\u0649 \u0633\u0642\u0641 \u0644\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629. \u0641\u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 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\u0625\u0630\u0627 \u062a\u0645\u062a \u062a\u0635\u0641\u064a\u062a\u0647 \u062e\u0644\u0627\u0644 \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0624\u0642\u062a \u0641\u064a \u0627\u0644\u0633\u0639\u0631 \u064a\u062a\u0639\u0627\u0631\u0636 \u0645\u0639 \u0627\u0644\u062a\u062d\u0648\u0637.<\/p>\n<p>\u062a\u0646\u0637\u0628\u0642 \u0647\u0630\u0647 \u0627\u0644\u0641\u062d\u0648\u0635\u0627\u062a \u0633\u0648\u0627\u0621 \u0643\u0627\u0646 \u0627\u0644\u0645\u0631\u0643\u0632 \u062c\u062f\u064a\u062f\u064b\u0627 \u0623\u0648 \u0645\u0641\u062a\u0648\u062d\u064b\u0627 \u0628\u0627\u0644\u0641\u0639\u0644.<\/p>\n<ul>\n<li>\u0627\u0639\u0631\u0641 \u0633\u0639\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0642\u0628\u0644 \u0627\u0644\u062f\u062e\u0648\u0644\u060c \u0648\u0644\u064a\u0633 \u0628\u0639\u062f\u0647.<\/li>\n<li>\u0627\u062e\u062a\u0631 \u0627\u0644\u0647\u0627\u0645\u0634 \u0627\u0644\u0645\u0639\u0632\u0648\u0644 \u0623\u0648 \u0627\u0644\u0645\u062a\u0642\u0627\u0637\u0639 \u0644\u0633\u0628\u0628 \u0645\u062d\u062f\u062f\u060c \u0648\u0644\u064a\u0633 \u0627\u0641\u062a\u0631\u0627\u0636\u064a\u064b\u0627.<\/li>\n<li>\u0642\u062f\u0651\u0631 \u0625\u062c\u0645\u0627\u0644\u064a \u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0639\u0644\u0649 \u0645\u062f\u0649 \u0641\u062a\u0631\u0629 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0627\u0644\u0645\u0642\u0635\u0648\u062f\u0629 \u0628\u0627\u0644\u0643\u0627\u0645\u0644.<\/li>\n<li>\u0627\u062d\u062a\u0641\u0638 \u0628\u0636\u0645\u0627\u0646\u0627\u062a \u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0629 \u0641\u064a \u062d\u0633\u0627\u0628 \u0645\u0646\u0641\u0635\u0644\u060c \u0628\u0639\u064a\u062f\u064b\u0627 \u0639\u0646 \u0627\u0644\u062a\u0639\u0631\u0636 \u0644\u0644\u062a\u0635\u0641\u064a\u0629 \u0627\u0644\u0642\u0633\u0631\u064a\u0629.<\/li>\n<li>\u0627\u0641\u062a\u0631\u0636 \u0623\u0646 \u0623\u0648\u0627\u0645\u0631 \u0627\u0644\u0648\u0642\u0641 (stop orders) \u0642\u062f \u062a\u0646\u0632\u0644\u0642 \u0623\u0648 \u0644\u0627 \u062a\u064f\u0646\u0641\u0630 \u062e\u0644\u0627\u0644 \u0638\u0631\u0648\u0641 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0633\u0631\u064a\u0639\u0629.<\/li>\n<li>\u062a\u062d\u0642\u0642 \u0645\u0646 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0628\u0627\u0644\u062d\u062c\u0645 \u0627\u0644\u0630\u064a \u062a\u062e\u0637\u0637 \u0644\u0644\u062a\u062f\u0627\u0648\u0644 \u0628\u0647\u060c \u0648\u0644\u064a\u0633 \u0628\u062d\u062c\u0645 \u0645\u0631\u062c\u0639\u064a \u0623\u0635\u063a\u0631.<\/li>\n<li>\u0627\u0633\u062a\u0639\u062f \u0644\u0627\u0646\u0642\u0637\u0627\u0639 \u0627\u0644\u0645\u0646\u0635\u0629 \u0623\u0648 \u062a\u0639\u0637\u0644 \u0648\u0627\u062c\u0647\u0629 \u0628\u0631\u0645\u062c\u0629 \u0627\u0644\u062a\u0637\u0628\u064a\u0642\u0627\u062a (API)\u060c \u062e\u0627\u0635\u0629 \u062d\u0648\u0644 \u0623\u062d\u062f\u0627\u062b \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0643\u0628\u0631\u0649.<\/li>\n<li>\u0631\u0627\u062c\u0639 \u0645\u0648\u0627\u0641\u0642\u0627\u062a \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0648\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u062a\u0648\u0642\u064a\u0639 \u0644\u0623\u064a \u0645\u0646\u0635\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629.<\/li>\n<li>\u062a\u062a\u0628\u0639 \u0627\u0644\u062a\u0639\u0631\u0636 \u0644\u0623\u0648\u0631\u0627\u0643\u0644 (oracle) \u0648\u0627\u0644\u062c\u0633\u0648\u0631 (bridge) \u0648\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0630\u0643\u064a\u0629 (smart-contract) \u0628\u0634\u0643\u0644 \u0645\u0646\u0641\u0635\u0644 \u0639\u0646 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0623\u0633\u0639\u0627\u0631.<\/li>\n<li>\u0627\u062d\u062a\u0641\u0638 \u0628\u0633\u062c\u0644\u0627\u062a \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0644\u0644\u0625\u0628\u0644\u0627\u063a \u0627\u0644\u0636\u0631\u064a\u0628\u064a \u0648\u0645\u0631\u0627\u062c\u0639\u0629 \u0627\u0644\u0623\u062f\u0627\u0621.<\/li>\n<\/ul>\n<p>\u062a\u0636\u064a\u0641 \u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0627\u0644\u0642\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0637\u0628\u0642\u0629 \u0645\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0634\u063a\u064a\u0644\u064a\u0629 \u0644\u0627 \u062a\u0648\u062c\u062f \u0641\u064a \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0642\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u062d\u0633\u0627\u0628. \u064a\u062c\u0628 \u0627\u0644\u062a\u0639\u0627\u0645\u0644 \u0645\u0639 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0630\u0627\u062a\u064a\u0629 \u0627\u0644\u062d\u0641\u0638\u060c \u0628\u0645\u0627 \u0641\u064a \u0630\u0644\u0643 \u0633\u064a\u0631 \u0639\u0645\u0644 \u0627\u0644\u062a\u0648\u0642\u064a\u0639\u060c \u0648\u062a\u0648\u0627\u0641\u0642 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0627\u0644\u0635\u0644\u0628\u0629\u060c \u0648\u0645\u0648\u0627\u0641\u0642\u0627\u062a \u0627\u0644\u062c\u0633\u0648\u0631\u060c \u0628\u0634\u0643\u0644 \u0635\u062d\u064a\u062d \u0644\u0643\u064a \u064a\u0639\u0645\u0644 \u0627\u0644\u0645\u0631\u0643\u0632 \u0643\u0645\u0627 \u0647\u0648 \u0645\u062a\u0648\u0642\u0639.<\/p>\n<p>\u064a\u062c\u0628 \u0627\u0644\u062a\u0623\u0643\u062f \u0645\u0646 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0648\u0644\u0627\u064a\u0629 \u0627\u0644\u0642\u0636\u0627\u0626\u064a\u0629 \u0642\u0628\u0644 \u0625\u0639\u062f\u0627\u062f \u0627\u0644\u062d\u0633\u0627\u0628. \u062a\u062f\u0639\u0645 \u0628\u0639\u0636 \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0641\u0648\u0631\u064a \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0645\u0639\u064a\u0646\u0629 \u0628\u064a\u0646\u0645\u0627 \u062a\u0642\u064a\u062f \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0627\u0644\u0645\u0634\u062a\u0642\u0627\u062a \u0623\u0648 \u062a\u0641\u0631\u0636 \u062d\u062f\u0648\u062f\u064b\u0627 \u0639\u0644\u0649 \u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0628\u0634\u0643\u0644 \u0645\u0646\u0641\u0635\u0644.<\/p>\n<\/section>\n<section>\n<header>\n<h2 id=\"section-13\">\u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u0627\u0644\u0634\u0627\u0626\u0639\u0629<\/h2>\n<\/header>\n<details>\n<summary><strong>\u0645\u0627 \u0647\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 (Perps) \u0641\u064a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629\u061f<\/strong><\/summary>\n<p>\u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0647\u064a \u0646\u0648\u0639 \u0645\u0646 \u0645\u0634\u062a\u0642\u0627\u062a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0627\u0644\u062a\u064a \u062a\u062a\u064a\u062d \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0627\u062a\u062e\u0627\u0630 \u0645\u0631\u0627\u0643\u0632 \u0634\u0631\u0627\u0621 (Long) \u0623\u0648 \u0628\u064a\u0639 (Short) \u0639\u0644\u0649 \u0633\u0639\u0631 \u0623\u0635\u0644 \u0645\u0639\u064a\u0646 \u062f\u0648\u0646 \u0627\u0645\u062a\u0644\u0627\u0643\u0647 \u0641\u0639\u0644\u064a\u064b\u0627\u060c \u0648\u062f\u0648\u0646 \u0648\u062c\u0648\u062f \u062a\u0627\u0631\u064a\u062e \u0627\u0646\u062a\u0647\u0627\u0621 \u0635\u0644\u0627\u062d\u064a\u0629 \u0639\u0627\u062f\u064a. \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0638\u0644 \u0627\u0644\u0645\u0631\u0643\u0632 \u0645\u0641\u062a\u0648\u062d\u064b\u0627 \u0637\u0627\u0644\u0645\u0627 \u062a\u0645 \u0627\u0633\u062a\u064a\u0641\u0627\u0621 \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0647\u0627\u0645\u0634 \u0648\u0627\u0644\u062a\u0645\u0648\u064a\u0644. \u0644\u0645\u0639\u0631\u0641\u0629 \u0627\u0644\u0645\u0632\u064a\u062f \u0639\u0646 \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0628\u0634\u0643\u0644 \u0639\u0627\u0645\u060c \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u0627\u0637\u0644\u0627\u0639 \u0639\u0644\u0649 \u062f\u0644\u064a\u0644\u0646\u0627 \u0627\u0644\u0634\u0627\u0645\u0644.<\/p>\n<\/details>\n<details>\n<summary><strong>\u0647\u0644 \u062a\u0646\u062a\u0647\u064a \u0635\u0644\u0627\u062d\u064a\u0629 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u061f<\/strong><\/summary>\n<p>\u0644\u0627 \u062a\u062d\u0645\u0644 \u0645\u0639\u0638\u0645 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0644\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u062a\u0648\u0627\u0631\u064a\u062e \u0627\u0646\u062a\u0647\u0627\u0621 \u0635\u0644\u0627\u062d\u064a\u0629 \u0634\u0647\u0631\u064a\u0629 \u0623\u0648 \u0631\u0628\u0639 \u0633\u0646\u0648\u064a\u0629\u060c \u0639\u0644\u0649 \u0639\u0643\u0633 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629 \u0630\u0627\u062a \u0627\u0644\u0623\u062c\u0644 \u0627\u0644\u0645\u062d\u062f\u062f. \u0642\u062f \u062a\u0633\u062a\u062e\u062f\u0645 \u0628\u0639\u0636 \u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a \u0627\u0644\u0645\u0646\u0638\u0645\u0629 \u0627\u0644\u062a\u064a \u062a\u0634\u0628\u0647 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0647\u064a\u0627\u0643\u0644 \u0637\u0648\u064a\u0644\u0629 \u0627\u0644\u0623\u062c\u0644\u060c \u0644\u0630\u0627 \u0645\u0646 \u0627\u0644\u0645\u0647\u0645 \u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u0648\u0627\u0635\u0641\u0627\u062a \u0627\u0644\u062f\u0642\u064a\u0642\u0629 \u0644\u0644\u0639\u0642\u062f \u0642\u0628\u0644 \u0627\u0644\u0628\u062f\u0621 \u0641\u064a \u0627\u0644\u062a\u062f\u0627\u0648\u0644.<\/p>\n<\/details>\n<details>\n<summary><strong>\u0645\u0646 \u064a\u062f\u0641\u0639 \u0645\u0639\u062f\u0644 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0641\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u061f<\/strong><\/summary>\n<p>\u064a\u0639\u062a\u0645\u062f \u0627\u0644\u0637\u0631\u0641 \u0627\u0644\u0630\u064a \u064a\u062f\u0641\u0639 \u0645\u0639\u062f\u0644 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0639\u0644\u0649 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0639\u0642\u062f \u064a\u062a\u062f\u0627\u0648\u0644 \u0641\u0648\u0642 \u0623\u0648 \u062a\u062d\u062a \u0633\u0639\u0631 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0631\u062c\u0639\u064a \u0644\u0644\u0623\u0635\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a. \u0639\u0627\u062f\u0629\u064b \u0645\u0627 \u064a\u0639\u0646\u064a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0625\u064a\u062c\u0627\u0628\u064a \u0623\u0646 \u0623\u0635\u062d\u0627\u0628 \u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0634\u0631\u0627\u0621 (Longs) \u064a\u062f\u0641\u0639\u0648\u0646 \u0644\u0623\u0635\u062d\u0627\u0628 \u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0628\u064a\u0639 (Shorts)\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0639\u0646\u064a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0633\u0644\u0628\u064a \u0639\u0627\u062f\u0629\u064b \u0623\u0646 \u0623\u0635\u062d\u0627\u0628 \u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0628\u064a\u0639 (Shorts) \u064a\u062f\u0641\u0639\u0648\u0646 \u0644\u0623\u0635\u062d\u0627\u0628 \u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0634\u0631\u0627\u0621 (Longs).<\/p>\n<\/details>\n<details>\n<summary><strong>\u0623\u064a\u0646 \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u062a\u062d\u0642\u0642 \u0645\u0646 \u0645\u0639\u062f\u0644 \u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0644\u0640 BTC \u0627\u0644\u062d\u0627\u0644\u064a\u061f<\/strong><\/summary>\n<p>\u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u062a\u062d\u0642\u0642 \u0645\u0646 \u0645\u0639\u062f\u0644 \u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0644\u0640 BTC \u0627\u0644\u062d\u0627\u0644\u064a \u0639\u0628\u0631 \u0644\u0648\u062d\u0627\u062a \u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0645\u0634\u062a\u0642\u0627\u062a \u0627\u0644\u062d\u064a\u0629 \u0648\u0635\u0641\u062d\u0627\u062a \u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0627\u0644\u0645\u0646\u0635\u0627\u062a. \u0645\u0646 \u0627\u0644\u0623\u0641\u0636\u0644 \u0645\u0642\u0627\u0631\u0646\u0629 \u0627\u0644\u0637\u0648\u0627\u0628\u0639 \u0627\u0644\u0632\u0645\u0646\u064a\u0629\u060c \u0648\u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a\u060c \u0648\u0641\u062a\u0631\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644\u060c \u0648\u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u0641\u062a\u0648\u062d\u0629\u060c \u0648\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u062a\u0635\u0641\u064a\u0629\u060c \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u0631\u0642\u0645 \u0648\u0627\u062d\u062f \u0645\u0639\u0631\u0648\u0636.<\/p>\n<\/details>\n<details>\n<summary><strong>\u0647\u0644 \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u062e\u0633\u0631 \u0623\u0643\u062b\u0631 \u0645\u0646 \u0647\u0627\u0645\u0634\u0643 \u0641\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u061f<\/strong><\/summary>\n<p>\u0646\u0639\u0645\u060c \u0642\u062f \u062a\u062a\u062c\u0627\u0648\u0632 \u0627\u0644\u062e\u0633\u0627\u0626\u0631 \u0627\u0644\u0647\u0627\u0645\u0634 \u0627\u0644\u0645\u0648\u062f\u0639 \u0641\u064a \u0628\u0639\u0636 \u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a \u0623\u0648 \u0625\u0639\u062f\u0627\u062f\u0627\u062a \u0627\u0644\u062d\u0633\u0627\u0628\u0627\u062a\u060c \u062e\u0627\u0635\u0629\u064b \u0645\u0639 \u0627\u0644\u0647\u0627\u0645\u0634 \u0627\u0644\u0645\u062a\u0642\u0627\u0637\u0639 (cross margin) \u0623\u0648 \u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0633\u0645\u062d \u0625\u0641\u0635\u0627\u062d\u0627\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0647\u0627 \u0628\u0623\u0631\u0635\u062f\u0629 \u0639\u062c\u0632. \u062a\u062d\u062f\u062f \u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0645\u0646\u0635\u0629 \u0648\u0646\u0648\u0639 \u0627\u0644\u062d\u0633\u0627\u0628 \u0648\u0627\u0644\u0648\u0644\u0627\u064a\u0629 \u0627\u0644\u0642\u0636\u0627\u0626\u064a\u0629 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0629 \u0627\u0644\u062f\u0642\u064a\u0642\u0629 \u0644\u0647\u0630\u0647 \u0627\u0644\u062d\u0627\u0644\u0627\u062a. \u0644\u0645\u0632\u064a\u062f \u0645\u0646 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u062d\u0648\u0644 \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629\u060c \u064a\u0645\u0643\u0646\u0643 \u0645\u0631\u0627\u062c\u0639\u0629 \u062f\u0644\u064a\u0644 \u0627\u0644\u0645\u0628\u062a\u062f\u0626\u064a\u0646.<\/p>\n<\/details>\n<details>\n<summary><strong>\u0647\u0644 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629 (On-chain) \u0623\u0643\u062b\u0631 \u0623\u0645\u0627\u0646\u064b\u0627 \u0645\u0646 \u0639\u0642\u0648\u062f \u0627\u0644\u0628\u064a\u0631\u0628 \u0641\u064a \u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629\u061f<\/strong><\/summary>\n<p>\u0644\u0627\u060c \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629 \u062a\u062d\u0645\u0644 \u0645\u062e\u0627\u0637\u0631 \u0645\u062e\u062a\u0644\u0641\u0629\u060c \u0648\u0644\u064a\u0633\u062a \u0623\u0642\u0644. \u0642\u062f \u062a\u0642\u0644\u0644 \u0647\u0630\u0647 \u0627\u0644\u0639\u0642\u0648\u062f \u0645\u0646 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u0627\u0644\u062d\u0641\u0638 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u0642\u062f\u0645 \u0645\u062e\u0627\u0637\u0631 \u062c\u062f\u064a\u062f\u0629 \u0645\u062b\u0644 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0630\u0643\u064a\u0629\u060c \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0623\u0648\u0631\u0627\u0643\u0644\u060c \u0648\u062a\u0648\u0642\u064a\u0639 \u0627\u0644\u0645\u062d\u0641\u0638\u0629\u060c \u0648\u0627\u0644\u062c\u0633\u0648\u0631\u060c \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0633\u064a\u0648\u0644\u0629\u060c \u0648\u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a\u060c \u0648\u0647\u064a \u0645\u062e\u0627\u0637\u0631 \u0644\u0627 \u062a\u0648\u062c\u062f \u0641\u064a \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629.<\/p>\n<\/details>\n<\/section>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>\u0627\u0643\u062a\u0634\u0641 \u0645\u0627\u0647\u064a\u0629 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0644\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 (Perps). \u0646\u0634\u0631\u062d \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0648\u0643\u064a\u0641\u064a\u0629 \u0639\u0645\u0644\u0647\u0627 \u0641\u064a \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0645\u0634\u062a\u0642\u0627\u062a.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":7,"featured_media":562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8,81,41],"class_list":["post-561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-learn","tag-risk","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u0645\u0627 \u0647\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u061f \u0634\u0631\u062d \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629<\/title>\n<meta name=\"description\" content=\"\u0627\u0643\u062a\u0634\u0641 \u0645\u0627\u0647\u064a\u0629 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0644\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 (Perps). \u0646\u0634\u0631\u062d \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0648\u0643\u064a\u0641\u064a\u0629 \u0639\u0645\u0644\u0647\u0627 \u0641\u064a \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0645\u0634\u062a\u0642\u0627\u062a.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dztecs.com\/blockchain\/perpetual-futures\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u0645\u0627 \u0647\u064a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629\u061f \u0634\u0631\u062d \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629\" \/>\n<meta property=\"og:description\" content=\"\u0627\u0643\u062a\u0634\u0641 \u0645\u0627\u0647\u064a\u0629 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0622\u062c\u0644\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0644\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 (Perps). \u0646\u0634\u0631\u062d \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0648\u0643\u064a\u0641\u064a\u0629 \u0639\u0645\u0644\u0647\u0627 \u0641\u064a \u062a\u062f\u0627\u0648\u0644 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