Recently, the funding rates have been extremely volatile again, and in the group chat, people are arguing whether to reverse or continue squeezing the bubble. I actually closed the trading interface first... Don’t get too emotional; the real squeeze will happen during tax season at the end of the year.

My current approach is very crude: every time I cross L2, trade spot/derivatives, or farm some DeFi, I immediately export any records I can, and put them into a folder organized by month; I also add notes to on-chain addresses, otherwise when I look at a bunch of hashes at the end of the year, I won’t remember what I was doing. Also, don’t just look at exchange transaction logs; on-chain activities like token swaps, bridges, and gas fees are also “traces,” which will be useful when explaining the source of costs later. Anyway, it’s best to keep a solid chain of evidence, and leave the rest to accountants/tools, or else it can really drive you crazy.