When the funding rate hits an extreme, my first reaction isn't actually to "rush in and take the other side," but to ask myself first: Am I really betting against the market, or am I fighting my own emotions? It's like a mirror ball—many of the "opportunities" you see are just anxious reflections.

In the past couple of days, the group has been discussing stablecoin regulation, reserve audits, and de-pegging rumors. The more they talk about it, the more it feels like they're putting pressure on themselves. I deliberately put my phone aside and first check on-chain data: Are large transfers suddenly becoming less frequent? Is the exchange net inflow stacking up? Is there abnormal contraction in stablecoin supply? These are more honest than group messages. If the data doesn't match up, no matter how attractive the funding rate is, I won't touch it. Avoiding volatility is simpler than trying to be a hero.

A small habit to prevent impulsive trading: I set a "15-minute cooling-off" period for myself. I write down the position I want to open in a memo (how much, why, what if I’m wrong). If I can't write it out, it means I’m just itching to trade. Anyway, if I miss out, I miss out—markets don’t lack opportunities for the next time.