Recently, I've noticed that several top exchanges are adjusting collateral rates, and many people immediately think "liquidations are coming." But I see it differently—what this actually reflects is a core shift in the 2026 market: risk management has transformed from optional to mandatory. The days of reckless leverage-driven growth are genuinely over.
Let me start with a phenomenon. These 7 assets being adjusted seem chaotic at first glance, but there's actually a clear pattern. ARB, as a Layer2 leader, has seen noticeably increased volatility recently, with 24-hour swings reaching 6.57%. CFX, despite positive ecosystem developments, has always had relatively weak liquidity. XPL did spike significantly in September last year, but trading volumes gradually dried up afterward. What do these coins have in common? Severely imbalanced risk-reward ratios. Once the market rebounds, they easily become prey for excessive leverage. The timing of exchanges acting right when Bitcoin just broke through $90,000 is unmistakable—they're preventing retail traders from blindly adding leverage and destabilizing the market.
When exchanges adjust collateral rates, they're essentially reclassifying asset risk tiers. A lowered collateral rate means the asset has been placed on a "high-risk" list, requiring more margin to withstand volatility. Looking back at the data, from March to May 2025, major exchanges successively adjusted collateral rates for nearly 30 assets. Now it's only the beginning of 2026 and they're at it again—this tells you that risk control intensity throughout the year will only tighten, not ease.
This is also related to the broader environment. Although inflation is cooling, economic resilience remains. In a market dominated by institutional capital, overall volatility may actually decrease, yet concentrated extreme risks emerge more easily. Exchanges must fortify their defenses now to prevent individual asset risks from snowballing into systemic problems. It's better to get risk management right now than to scramble for remedies after problems appear.
Recently, I've noticed that several top exchanges are adjusting collateral rates, and many people immediately think "liquidations are coming." But I see it differently—what this actually reflects is a core shift in the 2026 market: risk management has transformed from optional to mandatory. The days of reckless leverage-driven growth are genuinely over.
Let me start with a phenomenon. These 7 assets being adjusted seem chaotic at first glance, but there's actually a clear pattern. ARB, as a Layer2 leader, has seen noticeably increased volatility recently, with 24-hour swings reaching 6.57%. CFX, despite positive ecosystem developments, has always had relatively weak liquidity. XPL did spike significantly in September last year, but trading volumes gradually dried up afterward. What do these coins have in common? Severely imbalanced risk-reward ratios. Once the market rebounds, they easily become prey for excessive leverage. The timing of exchanges acting right when Bitcoin just broke through $90,000 is unmistakable—they're preventing retail traders from blindly adding leverage and destabilizing the market.
When exchanges adjust collateral rates, they're essentially reclassifying asset risk tiers. A lowered collateral rate means the asset has been placed on a "high-risk" list, requiring more margin to withstand volatility. Looking back at the data, from March to May 2025, major exchanges successively adjusted collateral rates for nearly 30 assets. Now it's only the beginning of 2026 and they're at it again—this tells you that risk control intensity throughout the year will only tighten, not ease.
This is also related to the broader environment. Although inflation is cooling, economic resilience remains. In a market dominated by institutional capital, overall volatility may actually decrease, yet concentrated extreme risks emerge more easily. Exchanges must fortify their defenses now to prevent individual asset risks from snowballing into systemic problems. It's better to get risk management right now than to scramble for remedies after problems appear.