The messages in the group have been flooding like a liquidation engine these days, clicking away rapidly. When a KOL shouts "extreme funding rates," everyone starts debating whether it's a reversal or just more bubble squeezing. I'm actually a bit slow to react... My first thought upon seeing the words "extreme" isn't to rush in, but to ask: who is paying? Where is passive hedging happening? Honestly, impulsive buying and selling, the group messages are more like noise amplifiers, and KOLs are more like giving a reason for the noise. In the end, those who really lose money aren't them, but themselves for being careless and confirming trades. Anyway, I now prefer to think of my position as a mechanical structure: how the oracle quotes, where the liquidation line is, whether MEV will insert a cut, understand these before acting, or just pretend I didn't see anything.