3 Crypto Futures Trading Mistakes That 2025 Brutally Exposed Lockridge Okoth Thu, January 1, 2026 at 10:30 PM GMT+5:30 8 min read Photo by BeInCrypto The year 2025 will be remembered as the moment crypto futures trading stopped being a theoretical risk and became a measurable systemic failure. By year’s end, more than $154 billion in forced liquidations had been recorded across perpetual futures markets, according to aggregated data from Coinglass, translating to an average of $400–500 million in daily losses. What unfolded across centralized and decentralized derivatives venues was not a single black swan event, but a slow-motion structural unwind.