The current contract holdings are more than the peak of the last bull market. Now it is more like the leverage cleanup after the Defi summer of the last bull market. You thought that the leverage cleanup was a big negative needle coming down directly. But this round is a drop and rise, and then a drop and rise, slowly grinding away all the leverage. During this period, you should watch less and operate less. Don't wait until the wind comes and your principal is gone. #美国PCE数据将公布