I just checked the funding rate again, and it’s getting extremely out of whack. In the group, there are a bunch of people yelling, “It’s a money-sending market—just trade the other side and you’re done.” Honestly, I’m pretty scared inside… Put simply, when the funding rate is extreme, that’s not a signal—it’s emotion. It’s the kind of thing that can sweep you so hard you start doubting yourself.

According to my rules: if the trend is still intact and the structure hasn’t broken, I’d rather dodge the volatility—either reduce my position size or just stay flat. Only when the price also moves to the reversal level I’ve set would I consider taking the opposite side; otherwise, it’s just relying on willpower to force yourself through the hit.

Also, the modularization and the DA-layer narrative are getting hot again. Developers are chatting nonstop, and users look completely clueless—this feels pretty much the same for me: the story is big, but the market doesn’t care about sentiment. I’m not going to act tough tonight; if I can avoid getting hit, then I’ll avoid it.