$BEAT has indeed shown obvious signs of fatigue in this wave of market activity. From the perspective of funding rates, although the contract side has already turned positive again, the price has not followed through with strength, indicating that buying enthusiasm is clearly waning, and the bulls are starting to struggle. This is usually a sign that the upward trend is nearing exhaustion, and there is a possibility of trend weakening.

My view is that opening a short position at this point is more reasonable than at the peak of market sentiment earlier. After a rebound at a high level, reversing to short can be a relatively controlled risk strategy. My personal approach is to enter the market in batches rather than all at once, which helps better control risk and leverage. I am mentally anchoring on the $1 level, as this position is very critical both from a sentiment and structural perspective, and I am waiting to see if it can drop to this level.