$BTC Good, this is a concise analysis of spot and contract strategies (within 130 words):

**Spot Strategy:**

* **Core:** Buy low and sell high, hold for the long term (HODL).

* **Advantages:** Relatively low risk (maximum loss is the principal), suitable for value investing and acquiring token ownership (such as staking, airdrops).

* **Disadvantages:** Low capital utilization, profits only from one-sided long positions.

**Contract Strategy:**

* **Core:** Use leverage to go long/short, hedge risks.

* **Advantages:** High capital utilization, opportunities for profit in both directions, can hedge spot risks.

* **Disadvantages:** Extremely high risk (may lead to liquidation and loss of margin), forced liquidation mechanism, requires strict risk control.

**Summary:** Spot is suitable for conservative investing/holding coins; contracts are suitable for high-risk high-return trading or hedging, requiring