Lately, reviewing on-chain data has made me think again, ordinary users shouldn't have overly mystical expectations about "privacy." Frankly, most things on the chain are traceable; what you can do more is to reduce the probability of being easily recognized, such as not using the same address as a business card everywhere, and not making deposit and withdrawal paths too linear. Compliance is also quite practical; platforms require you to do KYC, which you can't bypass, and many "privacy tools" may eventually become key targets for scrutiny. Don't expect one-click invisibility.

Additionally, watching the community argue whether the extreme funding rates are a reversal or just continuing to inflate the bubble, my feeling is: the more extreme, the easier it is to trigger emotional trading. Privacy and compliance boundaries are similar; don't use "I don't want to be seen" as an excuse to gamble in the gray areas of the rules—risk and reward are asymmetric. That's all for now; I’ll go back to farming factors and relaxing with cats.