Under such circumstances, most retail investors are sure to make a move, but now they can't make a move, and there is no other way. They can only hope to see if they can slow down.

Since bitcoin futures contracts are measured by the number of coins held by bitcoin, investors will face huge losses once they encounter short-selling attacks when trading long contracts-bitcoin prices fall.

This means that long-term contract investors in Bitcoin first lost a part of Bitcoin because the market was short in contract transactions. At the same time, the remaining bitcoin in the hands of investors also lost the asset value of a legal tender because of the drop in the spot price of bitcoin. This is the famous "left and right face" in the currency circle.

Furthermore, suppose that investors hold a certain amount of bitcoin, which is not used for any contract operation, but after the price of bitcoin falls, "short" bitcoin investors will also face losses, unless investors sell bitcoin and change it into legal cash, it is possible to avoid the market.

It is worth mentioning that because some bitcoin brokerage platforms with a large number of contract trading users are unwilling to bear the losses caused by investors' short positions alone, once there is a phenomenon of large-scale collective short positions, almost no one on the brokerage platform can really be happy, because everyone needs to bear the losses.

Some platforms stipulate that the platform loss caused by the user's failure to close the position in time is through the warehouse. In case of opening positions, the platform will give priority to using part of the risk reserve to make up for its own losses, and the rest will be shared by all profitable users in that week to make up for the platform losses.