The third time I saw the funding rate skyrocket to an absurd level, my first reaction wasn't to rush in as a hero, but to take a sip of water first, and see if I was being driven by emotion again. Extreme rates are actually quite similar to a storm warning: taking the other side is tempting, but you have to withstand an even crazier tail whip; I now prefer to hide a bit, reduce my position, and accept fewer gains rather than get buried by volatility. If I really want to take the other side, I only use very small tentative positions, admit mistakes if I do, and don't stubbornly hold on.

Recently, the community has been arguing again about privacy coins, coin mixing, and compliance—basically, "wanting freedom" versus "fearing trouble," which don't see eye to eye. Watching this just reminds me more: the market isn't just about price fluctuations, rules and emotions are also changing… First, stay alive, and wait for the rain to stop slowly.