These past two days, the funding rate has gotten extreme again. In the group chat, a bunch of people are shouting things like, “Go take the other side and make money picking up cash.” As for me—since my position is basically “tentacles”—when I look at it, I just want to shrink back first…

To put it plainly: when the funding rate gets ridiculously high, it really does feel like someone is paying you a salary. But if that reverse move ends up squeezing you into liquidation, then the “salary” turns into tuition.

Forget it—speaking plainly: I usually don’t go in headfirst. I’ll test the waters with a small amount from a one-off wallet. If I can take a bite, I’ll eat a bit. If I can’t, then I’ll treat it as observing the market’s mood. I keep my main position away from volatility, and wait for it to cool down on its own before anything else.

Also, people are now arguing again about validator/miner income and whether MEV ordering is unfair. The more they argue, the more it shows that the market is actually pretty urgent. When things are urgent, I’m even less willing to be a hero.

Anyway, live longer—opportunities will come again.