This is not transcendence, it's a regime change in the contract world! Three major driving forces at the peak: Who is handing knives to retail investors?

Layer2 civilian carnival

Base chain daily transactions break 20 million (beating Visa), Gas fee ≈ free

$10 can open ETH contracts, novices instantly become 'Wall Street wolves' (retail version)

ETF doomsday gamble

BlackRock revised Ethereum ETF documents overnight (SEC release signal)

Whales madly hoard 157,000 ETH (largest buyback of the year)

Staking refugees relocate

Exchange staking yields have plummeted (Binance's flexible rate only 3%)

Retail investors collectively switch to contracts: "Earning is not as good as gambling, gambling is not as good as scalping"

☠️ Dark truth: 90 billion trading volume of three corpses

Remains 1: Leveraged gamblers buried 120 million dollars at the 3300 support level in one day, 50x leverage players evaporated en masse

Remains 2: Bitcoin fundamentalism 'BTC forever king' belief collapses, panic selling causes Bitcoin market share to drop below 49%

Remains 3: Exchange market makers, Binance ETH funding rate drops to zero, arbitrage space flattened by retail crowd

On-chain alert: A mysterious whale smashed 32,000 call options on Deribit (betting on a peak collapse)

Four iron rules for retail survival: A guide to licking blood from the knife's edge

Contract safety belt

Leverage ≤ 10x + break below 3300 immediately cut losses (1% stop-loss for survival)

Liquidation hotspot hanging contrarian orders (pick up bloody chips while others are liquidated)

Layer2 barometer

Base chain Gas fee ≤ $0.01 → close your eyes and go long (ecological eruption)

Gas fee ≥ $0.1 → short on the reversal (congestion = death signal)

Hedge fund civil war

Buy ETH/BTC exchange rate contract (current price 0.058 → target 0.065)

Long ETH + Short BNB (exchange tokens being drained)

ETF doomsday strategy

SEC approves ETF → chase spot, don't touch contracts (institutional manipulation confirmed)

SEC delay → bottom-fish LSD tokens (LDO, RPL panic miskill)

Fisherman's conclusion: The day the new king ascends, the old god will fade

While Bitcoin believers are still reciting 'digital gold' scriptures,

Ethereum's smart contracts have put a noose around the neck of the old era.

Blood and tears lesson:

Contract peaks are a new battlefield for capital, not a retail ATM

Layer2 is a bomb wrapped in sugar - it kills the greedy and feeds the quick-handed

Bull market eats spot, bear market plays contracts, in chaotic times only trust the stop-loss knife at your waist. All wealth myths start with respecting risk! Valuable insights in the crypto circle, follow me for more. Bull market hundredfold potential coin deployment and daily spot contract strategy to help you circle millions.