VIRTUAL has been quite volatile over the past day—its price rapidly surged between 0.78 and 0.83, fluctuating between a 10% and 18% increase and decrease. Although the market cap appears to be around 540 million, a closer look at the trading volume reveals the true level of activity. Spot trading volume jumped directly from 90 million to 110 million, indicating a lively trading environment that has attracted considerable attention.

What’s even more noteworthy is the derivatives side. Futures trading volume has soared to between 1.6 and 1.9 billion USD. Such a large volume naturally brings significant volatility. In this environment, both long and short positions face the threat of liquidation, especially near the critical level of 0.85. According to many traders, that area has already become a liquidation hotspot.

But there’s a bigger hidden risk—the overall market is currently unstable. Take a look at other mainstream coins; many are under pressure and declining. Even some coins that are strong in the short term can easily be dragged down by the overall market trend. Historical experience shows that such intense volatility often leads to chain reactions of liquidations. When one coin gets liquidated, it often triggers others to follow.

Therefore, opportunities definitely exist, but the risk weight might be even greater. If you’re participating in short-term trading, the key is to keep a close eye on critical support and resistance levels like 0.85, and to monitor the changes in open interest carefully. If you really want to trade, make sure to implement solid risk management and avoid stubbornly holding through losses.