Overall, $BTC is still oscillating in the 580-610 range. Although it just dipped to 578, it immediately recovered to 590. It's very obvious that the market maker wants to hit some stop-losses on contracts. For example, my long stop-loss was at 579 yesterday, and it got hit by the market maker.

After hitting the stop-loss, they immediately opened more longs, and when it quickly rebounded to around 590, they closed directly, earning back the money lost from the stop-loss. At the same time, they continued buying spot during the dip.
Overall, BTC has been relatively easy to trade in this period: sell high on rallies, buy low on dips, don't be greedy, don't linger, take profits and leave. Ranging markets are the easiest to trade, but be aware of the risk that the trend could change at any time.
Yesterday, the regret was that I couldn't short . Shorting at 67 was very appropriate. Hype is now facing institutional selling pressure. The world's largest holder of hype has sold a total of $10.19 million worth of hype in the past two days. I think the probability of continued selling is high. Bitwise is also continuously reducing its position. I'll wait for it to go up before shorting it.
However, AAVE basically dropped to the expected level around 82, and the short position was closed.
Recently, dormant whales have started selling Ethereum again, selling thousands or tens of thousands. As the Ethereum treasury of the micro-strategy, FG NExus has cleared all its ETH holdings, with an average cost of 3800, selling price 2138, losing over 86 million. Sometimes I think, many institutions are actually unprofessional, similar to retail investors, going all-in on various things. But they have more money, which individual retail investors cannot compare with.
Recently, I've been focused on farming . I found that it basically moves inversely to BTC. When BTC just rose, it fell. Sometimes it will fall before BTC. The coin's direction is very tricky; describing it as a demon or monster wouldn't be an exaggeration. Recently, I've been dancing with the devil.
Still, I advise everyone not to play with altcoin contracts; the risk is extremely high. Many people probably can't calculate the funding rate for LAB. After paying funding fees, making profits, or losing, you need to calculate your actual cost price yourself.
For spot trading, using BTB Research's Wuji Strategy feels great. My cost of 685 has already been lowered to 589. I can't say for other coins, but BTC definitely won't trap me forever. Give me time, and I will keep lowering the cost. The intermediate goal is zero cost, and with zero cost, you can definitely hold. For altcoins, it depends on the coin; those that keep dropping tens or hundreds of times will also die under the Wuji Strategy because they are already heading straight to zero. A few days ago, Xiaobo told me that his cost for BTC was 599, but when BTC rebounded to around 610, I brought it down!
BTC BTC, pump a bit more, ready to short!