The first is to liquidate the original future positions. Because the original position may be long or short, the impact of liquidation on the market is different.
The second kind of understanding is popular understanding, and it may be the answer you want, because human nature likes to be long. Therefore, the general default is to sell, that is, to short a lot! There are two possible paths. First, a large number of futures and multiple orders originally held are all flat, that is, selling and closing positions, or selling and closing future positions in large quantities without future positions will bring downward pressure to the market.