Get Rich or Get Wiped Out: Bitcoin’s Hottest New Trade

Published: Wednesday, September 24, 2025 · 6:57 PM | Updated: Wednesday, September 24, 2025 · 6:57 PM

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Known as perps, the contracts give traders access to extreme leverage and have exploded in popularity during a rally that has sent bitcoin prices up more than 70% over the past year. Although U.S. stock indexes keep hitting records and a host of other assets are richly valued, many traders are enthusiastic about making ever-bigger bets.

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