Cutting losses is really like a breakup: the longer you drag it out, the more you think, “Wait a bit—maybe they’ll come back.” But the more you wait, the more it hurts, and you even end up paying interest (the kind in terms of time and emotions). Today I saw in the group that people are still arguing about whether the funding rate is at an extreme and about to reverse, or whether it’ll keep squeezing the bubble. Plainly speaking, nobody knows. In the end, it’s still each person’s positions speaking for themselves.

For someone like me, who’s constantly watching the chart while also tracking block times, I’d rather treat it like a recipe: if it’s not a match, dump it and redo—don’t force it down. Tonight I’ll first write that loss into my records, and as a side step, I’ll cancel/revoke the authorization(s) for a few old contracts.