$ETHFI My view has always been long on spot and short on futures. The spot market is my long-term investment, while I take short positions during pullbacks.

I'm not afraid of pullbacks in the spot market; firstly, there's no pressure on my capital, and secondly, my spot cost is at 1.35, which hasn't even pulled back to my cost.

Currently, the main focus is on the funds and patterns of Eth. The independent funds for Fi are mainly short, but when faced with Eth funds, there's inevitably volatility and explosive movements.

Moreover, my profit ratio on short positions is generally around 30 to 50 basis points here before I break even. Why? Because during pullbacks, we only take advantage of a bit of volatility; we shouldn’t be greedy and get stuck. If a business has a profit margin of 30 basis points, that's already impressive. A factory generally aims for around 20% profit in a year, which is also good. We shouldn't expect to make 100 or 200 basis points on every trade; let's be more realistic.