《Rolling Warehouse Life and Death Book: A Must-Read for Contract Players on the Edge of a Knife!》

Brother Tian warns: Contract players who can't roll their positions are all waiting to be harvested leeks!

**I. What is Rolling Warehouse?**

In simple terms: Close old position → Open new position → Forcefully extend life!

Essentially, it's the 'time magic' of contract players; either turn the tide or accelerate death!

**II. Three Major Rolling Warehouse Scenarios**

1️⃣ **Contract Expiration Rolling Warehouse** (A must-read for quarterly players)

Is the June BTC contract about to expire? Close the position and switch to the September contract to hold on!

⚠️ Although perpetual contracts have no expiration date, they are subject to 'funding fees' day and night!

2️⃣ **Margin Call Edge Rolling Warehouse** (Desperate operation)

10x long position about to explode? Close half → Lower leverage → Reopen position to survive!

Example: Starting with 10,000 USDT and dropping to 1,000 USDT, after rolling warehouse, reduce to 10x leverage, betting on a rebound miracle (but 90% ultimately goes to zero!)

3️⃣ **Arbitrage Player Rolling Warehouse** (A game for smart people)

Hedging on two platforms: Shorting high-priced quarterly contract on platform A + going long low-priced perpetual contract on platform B, rolling warehouse at expiration to lock in profits!

**III. Bloody Risk Warning**

- Funding fee backstab: Rolling warehouse once may incur a fee of 0.1% (rich people please ignore)

- Spike assassin: Encountering extreme market conditions during rolling warehouse, both old and new positions explode!

- Gas war: On-chain rolling warehouse meets congestion, miner fees can swallow half of the principal!

**IV. Brother Tian's Pitfall Prevention Guide**

✅ Compare price differences in advance: Longer-term contracts are usually more expensive (Contango structure), rolling warehouse = losing money!

✅ Avoid high fee peaks: Roll the warehouse 8 hours before the funding fee updates for perpetual contracts (save on transaction fees)

✅ Reserve 50 USDT for Gas: On-chain operations must leave enough ammunition, otherwise get stuck halfway and wait to die!

**Ultimate Truth**

Rolling warehouse is a game for the strong, novices please stay away!

Advice: Leverage ≤ 5 times, refuse to hold positions, always set stop-loss before opening a position!

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(Brother Tian reminds: This article is for educational reference only, and operations are at your own risk) #杰克逊霍尔会议