Recently, various trading competitions promoted by exchanges have become increasingly popular. Completing trading requirements can earn token rewards, which sounds good, but in practice, it's a different story.

A trader complained that participating in these activities, they could easily lose around 10 or 20 dollars without noticing; the volatility is really intense. Of course, the platform is happy—user activity has increased, and trading volume has soared. But for participants? It’s essentially a gamble, with both profits and losses, and the risks are significant. They have been caught twice themselves and ultimately had to cut losses, so now they don’t dare to touch it anymore.

Looking at a recent popular trading contest, how high has the threshold for $IR gone? You need to trade 1.45 million to make the leaderboard and earn 650 IR tokens, which is equivalent to over 40 RMB. Sounds pretty good? But the actual trading costs and slippage losses—everyone involved has to ask themselves how much they really are. It’s easy to make the leaderboard, but can you guarantee you won’t lose money?

Honestly, it’s becoming increasingly difficult to find profitable strategies, and returns are shrinking. $BTC is fluctuating around 95K at high levels, and the information gap between retail investors and big funds is right there—it's quite frustrating. What opportunities are left in the market now? Everyone is just exploring.