What's there to panic about if you hold spot?
The long position has been exploding, which means that the long position is strong. Many people will continue to short the market, and the market will not rise so quickly. Then there will be a volatile market.
Many people who hold contracts will get off the train, and then there will be an unprecedented huge pump.
The market will not come so quickly, you just need to hold the spot and wait for the huge pump!
Don't do contracts!