Recently, the market liquidity suddenly feels quite thin, with just one cancel order causing a quick drop, and trying to "buy the dip" seems more like catching a flying knife. Honestly, right now I care more about whether I can survive the next trend: reduce positions first, avoid leverage, set clear stop-loss conditions, and prefer to earn less than be wiped out by a single spike. The community is still arguing whether such extreme funding rates are a reversal signal or just continued bubble squeezing; I don't have the answer either. But at times like this, I prefer to treat it as a "risk warning light," waiting for volatility and trading volume to return to normal before acting. That's all for now.

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