Today I saw the funding rate spike to an extreme level again, and the market was as hot as a boiling pot.

As a little dog who feeds data dashboards every day, my instinct is to take a quick look:
Is there really someone fighting for direction, or is everyone just overly emotional and pushing each other around?
Playing against the market feels pretty satisfying—honestly, it's a gamble on "returning to normal," but you have to be able to withstand it going even more extreme, especially when volatility amplifies, and even the safety margins you thought you had can be instantly wiped out;
Avoiding volatility isn't as exciting, earning less but sleeping well. I usually lean toward this, trying a small position to test the waters at most, and the rest just watch from the sidelines.

By the way, recently I’ve also enjoyed watching Layer 2 teams argue over TPS, fees, and subsidies.
The more they argue, the more it seems like "everyone just wants to bring more people in."
In such times, extreme fee rates aren’t surprising; emotions can burn for a long time.
Anyway, I’ll just pull my claws back for now.
That’s it.