These days, I've noticed the funding rates are starting to become extreme again, and a bunch of people in the group are shouting about taking the other side. I actually feel like hiding from the volatility. Others think that high rates mean you should short, and low rates mean you should go long, but in reality, I mostly consider whether I can withstand the emotional torment of the price swings... Honestly, the only way to get cheap chips is if you don't get emotionally overwhelmed first.

And recently, Layer 2 projects are again competing over TPS, fees, and subsidies, causing quite a stir. But as lively as it is, short-term volatility also amplifies, and when the rates become extreme, it feels even more like a "collective hype." I usually have two options: either take a small position on the other side with a pre-set stop-loss; or simply stay out and wait for the emotions to cool down before slowly picking up some major market or infrastructure projects. Anyway, I'm not good at chasing the rally, and I can wait. That's all for now.