Can’t hold spot, and then the contract gets liquidated—plainly, it’s still about position management.

My own crude method: no matter how bullish I am on a direction, the per-trade position limit is hard-capped at 10% of total funds; the rest of the money is treated as if I can’t see it. When the market moves, that balance in my mind stays steadier, so I won’t get itchy to add more on short-term ups and downs or panic and cut to sell when I’m afraid.
Recently, on-chain activity has shown that some big players are reducing positions, and capital flows are leaning more conservative. Also, these days there have been rumors of tax hikes in a certain area, and on top of that, the deposit/withdrawal side has been doing compliance shuffling back and forth—so a lot of people’s ways of sending money have changed, which makes judgment pretty easy to throw off. For now, that’s it—let’s talk next time.