I just checked the funding rates again and they’re starting to go to extremes. Everyone in the group wants to be a hero and take the other side of the trade. I actually feel like hiding… Honestly, the more exaggerated the rate, the more it looks like coffee latte art: it looks cool, but a slight shake and it all spills. If I really wanted to take the other side, I wouldn’t be reckless; I’d mostly do small positions to test the waters + set stop-losses, and the rest I’d prefer to do some more stable LPs, earning or not earning, just to ride out the volatility. It’s tough, but at least I can sleep.

Recently, the “attention mining” approach with social mining and fan tokens has been pretty noisy too. There’s too much information, it makes my scalp tingle. My own filtering method is pretty simple: first, check if there’s genuine ongoing trading and retention on-chain; then see if it’s just relying on KOL hype. If neither, I just pass by and don’t add to the drama. Anyway, I’d rather miss out on the hype than burn myself in the craziest fee rates.