#现货与合约策略 In the cryptocurrency market, spot and contract trading each have their advantages, and a reasonable combination can improve overall investment efficiency. Spot trading is suitable for medium to long-term holders, allowing direct asset purchase with no leverage risk, which is ideal for a stable layout; while contract trading offers both long and short operations along with leverage opportunities, making it suitable for short-term volatility operations. Common strategies include: holding the main asset in spot, using contracts to hedge against price fluctuation risks, or increasing positions with a small proportion of leveraged contracts after trend confirmation. One can also take advantage of spot trading during bull markets while using contracts for short trades; in bear markets, one can build short positions to protect assets. The key lies in managing positions and risks to avoid excessive leverage in contracts leading to liquidation. By incorporating stop-loss mechanisms and capital management, trading flexibility and return stability can be enhanced.