RIVER's fee rate rule adjustment has attracted market attention. Some traders have noticed that the fee rate changes may reflect a loosening of the main players' control—after all, the primary means of market manipulation are based on the spot market rather than the futures market.

From a trading perspective, this signal warrants attention. On the short side, it may be prudent to gradually build a core position, but risk exposure should be controlled to avoid heavy positions and rapid entries. Meanwhile, long participants should also exercise increased caution. Market research indicates that the main players may continue a tug-of-war for some time, but the final waterfall trend seems to be within expectations.

In any case, closely monitor subsequent changes in the fee rate rules and the actual capital flow in the spot market, as these often reveal the market's true direction more than surface-level price fluctuations.