Last night, I stared at the funding rate again—it shot up to an outrageous, unbelievable level. My mind was itching: should I go take the counterparty order book and scalp off it? But let’s be blunt—when the market gets extreme, it’s not about logic; it’s about who gets liquidated first. The counterparty order book looks like a “sure win,” but in reality, it’s just using margin to bet that you’ll be able to hold until the moment it snaps back… Someone like me who works during the day—I really can’t take it; one needle at midnight can blow the whole plan apart.

So I’ll probably just choose to hide from the volatility: shrink my position, do spot if I can, touch less leverage, and wait until my emotions cool down. The more frequent large transfers on-chain, and the more Gas starts acting up, the more timid I get.

By the way, let me vent about the whole recent trend of social mining and fan tokens—the “attention is mining” gimmick. It’s both hilarious and enraging. Attention really is valuable, but what’s valuable is the platform and the project team’s—not necessarily mine… Anyway, I’ll pull my hands back first and don’t turn myself into fuel.