On the morning of April 29, the cryptocurrency market once again staged a "roller coaster" market. According to data from the XBIT decentralized exchange platform, the price of Bitcoin (BTC) broke through $95,000 per coin, with a 24-hour increase of 1.44%, setting a new high for the year. At the same time, mainstream cryptocurrencies such as Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), and Dogecoin (DOGE) collectively rose, with Ripple rising by more than 2% and Ethereum standing at $3,400. As the sentiment in the leveraged trading market in the cryptocurrency circle continues to heat up, the relevant person in charge of XBIT predicted that Bitcoin may rise to $200,000 in 2025Behind the carnival is a cruel wave of liquidation. XBIT data shows that in the past 24 hours, more than 110,000 people in the cryptocurrency market were forced to close their positions due to sharp price fluctuations, with a total amount of up to $275 million, including $170 million in long positions and $110 million in short positions. Both long and short positions were "double-killed". This data highlights the high risk of the current leveraged trading market in the currency circle - as Bitcoin approaches the key psychological threshold of $100,000, investor sentiment is becoming more sensitive, and any price fluctuations may trigger a chain reaction. Under the temptation of high risk and high returns, the XBIT decentralized exchange platform provides investors with a risk hedging path with its unique decentralized architecture and leveraged trading mechanism.XBIT decentralized trading platform: a risk hedging tool for leveraged tradingThe XBIT decentralized exchange platform provides investors with a new survival strategy with its decentralized architecture and leveraged trading function. Unlike traditional centralized exchanges, XBIT uses decentralized smart contracts, and user assets are independently controlled by private keys, avoiding the risks brought by centralized custody. For example, in the incident where Bybit exchange was stolen for $1.5 billion due to a security breach, user assets suffered losses due to platform custody, but XBIT's user assets are always controlled by themselves, completely eliminating such risksTechnical advantages and ecological expansion of XBITThe technical advantages of the XBIT decentralized exchange platform are not only reflected in security and leveraged trading, but also in its efficient trading mechanism and ecological expansion capabilities. XBIT based on the SOL chain supports thousands of transactions per second with extremely low transaction latency, which can meet the needs of investors for fast operations in a rapidly changing market. In addition, XBIT is planning to upgrade the SOL chain node, launch derivative transactions such as futures and options, and strengthen integration with the DeFi protocol to provide investors with more diversified investment and trading strategiesXBIT leads the Web3 financial ecosystemWith the continuous development of blockchain technology, decentralized exchanges (DEX) have become an important part of the cryptocurrency trading market. With its innovative technical architecture and unique market positioning, XBIT is leading the financial revolution in the Web3 era. In the future, XBIT will continue to deepen its cooperation with the SOL chain, expand cross-chain integration capabilities, and strengthen dialogue with global regulators to ensure business compliance. For investors, XBIT is not only a trading platform, but also a Web3 financial ecosystem full of opportunities.