The contract market of RIVER is now completely controlled by the bears. The market makers keep opening and closing short contracts while continuously sweeping spot holdings, gradually widening the spread to a rhythm of one wave per hour, with an amplitude of about one percent. In simple terms, it's the old routine of buying on dips and smashing short positions when the price rises.

From a bullish perspective, the funding rate will continue to flow to the bears under this structure, which means that the long-term holding loss probability is not actually high—provided you can withstand the volatility. But where is the real hidden danger? There are constantly people entering the market to buy the dip, and the long positions keep expanding. Once someone starts to leverage up, a slight upward price movement can trigger margin calls, and those with leveraged positions will be liquidated before the price continues to rise.

So if you want to participate in this wave of market movement, instead of betting on leverage and timing, it's better to go long with low leverage at market price. It's safer and also easier on your mindset.