When I get the itch to chase a rally, I now pause first and ask myself: Is my increased position based on new information, or is it driven by the group’s emotion of “If I don’t buy now, I’ll miss out”? To put it simply, information can be written down, but emotions only cause noise in the mind.

Recently, during extreme funding rates, the community has started arguing whether “a reversal is coming” or “the bubble is just being squeezed further,” but I’d rather look at whether there is real demand supporting the settlement layer, such as on-chain activity, transaction fees, and stablecoin flows… It’s lively, but the bills are mine to bear. If I really want to act, I’ll try with a small position, keep some bullets in reserve, but for now, I’ll leave it at that.