This week I basically didn’t open many new positions. I mainly watched to see whether the funding rates for BTC and ETH have returned to a relatively healthy range. A few weeks ago, I traded a Layer 2-related underlying asset, made a small profit, and got out. Now I’m even more worried that liquidity could suddenly be pulled away, so I’d rather make a bit less than stubbornly hold through a hard move down. Mindset-wise, I think we shouldn’t always treat every pullback as “pulling in people by reversing,” because sometimes a pullback is actually the start of a trend turning worse. The key is still to look at trading volume and the macroeconomic calendar. Next, I’ll also glance at what the Federal Reserve has to say and ETF net inflows, and if anything looks abnormal, I’ll adjust my position weights. One more reminder: on contracts, always remember to set stop-losses—don’t let the emotions in the group carry you along. Do you think the market right now looks more like a consolidation top or just a mid-way rest stop? Just discussing—nothing here constitutes investment advice.