$SLX The overall market is still in a downtrend channel where whales are distributing. There is a massive accumulation of trapped positions above 0.24~0.25. When the rebound reaches that level, it remains a shorting opportunity.

In a persistently high negative funding rate environment, do not go long naked for long-term fee collection. In a unilateral downtrend, the unrealized loss far exceeds the interest income. Focus on light positions and short-term trading, and strictly control leverage.