Trading cryptocurrencies, whether spot or futures, must be done on Binance, as it has many users and institutions, and the depth is the best. So if you're still using small exchanges, you should withdraw your funds as soon as possible. In this kind of one-sided market, most people are going long; how can those small platforms have so many users for matching trades? They are all market-making themselves, and in such a one-sided bullish market, they will definitely incur losses. The only outcome is that they can't afford it and will have to close down and run away. There are also some KOLs leading you to small platforms for high-frequency trading and wash trading, without caring about your profit and loss ratio.

In this market situation, it's still better to hold spot assets. After so many days of price increases, continuing to go long also risks a pullback that could lead to liquidation; shorting is also inappropriate as it might keep rising. So it's better to buy spot assets, as there’s less to worry about. Even if you're stuck in a position, you can average down and recover without facing liquidation.

In the past few days, the MEME sector's popularity has waned, and funds have flowed into established mainstream assets. The established mainstream assets are likely to catch up; you can pay attention to LTC, BCH, FIL, which haven't increased much and could be good for a setup.