The recent sharp drop in ACT is partly due to Binance's modification of perpetual contract leverage and margin On the other hand, it is actually due to the lack of common sense among large investors (not individual investors, reportedly funds and MM) who opened positions. It is said that a large investor opened an 80M contract position I think it's not very reasonable... but if it's true, a plate of less than 200M with a contract position of 80M, if converted to spot, accounts for more than 40% of the total supply of this coin? Isn't this open to being slaughtered? The value of the 1% rule is still increasing, and when liquidity is scarce, taking a long position in low market value contracts is like giving away food It's good. The larger the fund and institution, the dumber they are and the slower their response, the more it shows that we still have opportunities to make money. If they all understand who we're making money from, we can take small risks and big risks?