BlockBeats News, September 4th. Jiang Zhuo'er, founder of Lebit Mining Pool (B.TOP), shared recent trading operations, stating that he has decided to no longer participate in ETH perpetual contract trading due to the excessive wicks affecting his mentality. For example, he bought the dip last night at $2380 for 4000 ETH, originally planning to set a take-profit order at $2493. However, a wick on a single K-line this morning plunged to $2367, prompting him to close the position at $2403 upon the rebound, only to see the price hit his $2493 take-profit target tonight.

More importantly, BTC's K-line did not have such a wick. His planned future trading format involves WBETH as collateral, trading BTC perpetual contracts without leverage (at most cross margin), and holding spot ETH when not actively trading.