The square is full of acts, it seems it still needs to be washed out

$ACT Many people seem to misunderstand the relationship between futures and spot trading. You can think of it as counterparty trading; futures are a product designed to facilitate the main players' selling and to allow retail investors to increase their leverage. Once a certain height is reached, short positions are opened for hedging, and no matter how low the spot price goes, it is still profitable. When prices drop to a certain level, the main players will first open long positions before buying spot, but their leverage will not be too high. Thus, to determine whether the main players have entered the market, one can look at the total amount and value of futures positions. If the price of the coin rebounds but there is no noticeable increase in futures positions, it indicates that only retail investors are bottom-fishing, which does not mean the main players have entered. Additionally, looking at K-lines for indicators like divergence at tops and bottoms for non-mainstream tokens is entirely useless; concepts like overbought and oversold are also ineffective. The most important factors in the cryptocurrency market are trends and emotions, specifically the emotions of the main players, while the emotions of retail investors are not significant. Furthermore, every year there are a large number of tokens that go to zero or get delisted, so do not stubbornly cling to a single coin.