Since BTC first broke the 1000 USD mark and started trading, I have seen it rise to a peak of 110,000 USD last year, and it has been more than ten years.

In the past ten years, I have experienced countless times of BTC and ETH rising and falling by more than 50%, often due to sudden black swan events, in an instant.
I will speak from the heart:
To make money in contracts and earn in the end, I can only say that position management is key. Every wave of price surges and drops in the contract market presents an opportunity to earn money. However, the prerequisite for making this money is your risk control awareness and position management. Price surges and drops often clean out high leverage positions. As long as you manage well and do some trading, you will ultimately make a profit.
Those who lose money in contracts are often high-leverage traders, impatient, frequently increasing their positions, and lacking awareness of position management. They are often slightly affected by market fluctuations, get their positions liquidated, or hit their stop-loss points. The result is either they are just barely liquidated or just barely hit their stop-loss, missing out on a significant wave of profitable market trends. This happens frequently.
The long cycle is still there, so don't be greedy for short-term gains; time will eventually make you the big winner. Let's wait and see.