I muted the group, and I feel much more at peace... Previously, every day I saw those phrases about blockchain games like "output maxed out, pools getting bigger and bigger," which are really easy to be led by the rhythm. To put it simply, the pool only has so much real traffic, tokens keep being issued, inflation is pushing out production, short-term data looks lively, but later there will be selling pressure that drains the pool, leaving others to take over.

In the past two days, I've also seen everyone fixated on extreme spot/derivative funding rates, arguing whether to reverse or keep squeezing the bubble. What I care about more now is: where does the money come from, and will it keep flowing out? Anyway, I’m the laid-back type, treating my positions like a coffee recipe—if the sweetness (returns) is too strong, I add more water (stablecoins), and I’m not fighting the narrative anymore.