Lately, everyone has been watching those extreme funding rate charts, arguing whether it's a reversal or just more bubble squeezing. I'm actually more concerned about on-chain privacy: ordinary people shouldn't expect "complete anonymity," as wallet addresses, deposits and withdrawals, and common interaction paths can all be pieced together. If you really want to track someone, it's almost impossible to avoid. Compliance isn't just black and white either; it's more like grayscale—"don't go too far." I have two personal expectations: minimize leaving traces as much as possible, but don't cross obvious boundaries; and when using privacy tools, treat them as "noise reduction," not a talisman. I see complexity as the enemy, so my only rule is: the simpler and more transparent the process, the less likely you are to stumble. Anyway, for now, this is the approach—better to avoid fixing mistakes later.