Just finished a double shot, casually checked the perpetual funding rate, and suddenly felt a bit scared: last night I almost moved my stop-loss further down, still thinking "just a bit more and it'll bounce"... To be honest, stop-losses are really like breakups, the longer you drag it out, the more painful it gets, you lose more and have to pay "interest" on the funding rate, the more you hold on, the uglier it looks.

Recently, everyone’s been arguing about re-pledging and sharing security, the compounded returns sound pretty tempting, but I’m a bit worried that this kind of “nesting doll” approach might inflate people’s mentality: thinking they have many layers of cushions, but when it all collapses, everything shakes together. Anyway, I’ll cut what needs to be cut today, admitting losses is more peaceful than staying up all night watching the charts. Impulsive as it is, don’t be too greedy. That’s all for now.