The current negative fee situation for SQD is actually quite interesting. From the perspective of the derivatives market, negative fees indicate that the long side is paying the short side, and this reverse flow of funds usually suggests that the market's expectation of price increase is insufficient. Looking at it from another angle, this could actually be an opportunity window. When the market is pricing in such pessimism, once a catalyst appears, the rebound potential could be quite significant. Of course, this depends on your judgment of SQD's fundamentals and future development; risk management is always the top priority.