Post
Yuvi.
$PONS
高热度与高资金费率并存，PONS是在加速还是在透支？
关注度能带来流动性，但拥挤杠杆会提高持仓成本并放大清算风险。若现货量持续增长、回调仍有承接，趋势更健康。
若上涨主要由合约推动、费率偏高且现货需求减弱，我会警惕反转。
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