Lately I've been checking the lending dashboard again and casually looked at the funding rates, which are so exaggerated it feels like a warning "Don't get caught up." The group chat is buzzing: is this a reversal or just more bubble squeezing? Honestly, I don't know either, but I'm pretty afraid of being led by attention—whenever a hot topic shifts, I get itchy, and in the end, I realize I'm the one providing liquidity.

What I fear most isn't losing money, but that even though nothing has changed logically, I keep adjusting my plans based on a few words from others like "it's going to take off" or "it's going to crash." So I’ve come up with a simple trick: if the rate is extreme, treat the position as an "abnormality in health check," don't add more, and wait for a cooling-off period; if I really want to go all in, I’ll first calculate the liquidation price, and only proceed if I can accept it. Anyway, I’ve blown up enough times, and I feel the market's way of cutting people is less about skill and more about how easily you get led. That’s it for now.