Lately I've been struggling again with on-chain privacy... To put it simply, ordinary people shouldn't expect "absolute anonymity." You may not put your name on your wallet address, but once it’s linked to exchanges, bank cards, or KYC, those on-chain traces are actually pretty easy to piece together. Compliance isn't black and white either; it's more like a blurry line: you think you're protecting privacy, but others might see you as "deliberately hiding."

I personally get excited whenever I open a perpetual position, so now I'm more afraid of the double leverage of emotions + privacy illusions: thinking "no one knows what I'm doing," makes me more reckless, and in the end, getting liquidated and blaming the world for unfairness... Anyway, I’ve learned my lesson, if I can avoid mixing coins or strange bridges, I won’t do it, don’t add drama for yourself.

Recently, discussions about rate cut expectations, the dollar index, and risk assets acting up together have been pretty noisy, and with all the noise, people tend to find "privacy tools" as a sense of security. My noise-canceling strategy is simple: just watch the funding rate and position changes, mute everything else first, keep a light position to last longer.