Lately, I haven't been very passionate about watching the market, mainly focusing on that interest rate line: if interest rates don't loosen, risk appetite is like a tightly twisted faucet; no matter how heated the sentiment, it can only surge for a while, then it's easy to turn into a race to see who can run faster. My current position is very simple, the small part I can sleep peacefully with, the rest is treated as a cash cushion.

When the funding rate skyrockets to extremes, the group chat starts arguing whether it's a reversal or just a bubble being squeezed... Honestly, I don't guess the direction, I just look at whether I can withstand it. I used to pay attention to those who kept shouting "taking off soon" every day, but recently I quietly unfollowed a few, feeling that the more lively it gets, the more it sounds like a prelude to a storm; it's more reassuring to stay a bit cooler.