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Existing CoT compression methods mainly rely on global length rewards, which conflate necessary intermediate reasoning with redundant text and may therefore compromise reasoning fidelity. This paper revisits overthinking from a semantic-efficiency perspective and decomposes CoT redundancy into two distinct forms: internal redundancy, defined as informational stagnation before the first correct answer, and external redundancy, defined as superfluous continuation after the first correct answer. Based on this decomposition, we propose a dual-penalty reinforcement learning framework that separately optimizes reasoning progress and termination behavior. 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