After completing this round, I'm not empty ETH anymore, I'm empty BTC. Previously, ETH was pledged as WBETH as a margin, Open equally in perpetual contracts, There are three benefits: 1. The effect is equivalent to selling ETH spot without leverage/strong flat line. 2. There will be no loss of ETH staking interest, and you can also earn more from long capital fees. 3. The exchange only needs to release a small amount of ETH as margin, which reduces the risk of the exchange running away/being stolen. Change to WBETH as margin in the future, Empty (converted by exchange rate) equivalent BTC spot. as a result of: MSTR can foresee that it will not buy BTC for a long time, And Bitmine is still buying ETH, In addition, with the development of RWA and others, This bear market may repeat the previous one, BTC and ETH reached their lowest points at different times. The lowest point of ETH in the previous round was on June 18, 2022, ETH=881.56，BTC=17622， Exchange rate=0.0500, The lowest point of BTC in the previous round was on November 21, 2022, ETH=1079.76，BTC=15476， Exchange rate=0.0698. There is a low possibility that the ETH of 505.68 on June 6, 26 is the lowest in this round, So I changed BTC to empty later. Finally, BTC has fallen below the upward channel [Figure 1], ETH is still on the lower edge of the upward channel [Figure 2].