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Sell futures in the futures market first.
Buy first (bullish), keep going long, buy long, open positions, sell long and close positions.

Sell first (bearish), always short, sell, short, open, buy, short, close.

The role will not change.

On the contrary, it refers to opening and closing positions. Of course, it is understood that bulls buy first and then sell, and bears sell first and then buy.

Hedging is all in futures, but in the opposite direction to spot. This is how intertemporal arbitrage is understood. Yes