I just checked the funding rate again, and I can still smell a bit of macro sentiment in the air. As for interest rates, basically they’re an amplifier of market emotion—once rate-cut expectations loosen, risk appetite jumps up, and positions swell right along with it; if they tighten, everyone bunches up. Anyway, lately I’ve been watching OI and the liquidation hotspots, and it feels like the market is betting on direction with the funding, but the funding rate is still fairly neutral—not to the extreme. For now, that’s it. I haven’t forgotten my discipline for adding positions.

Also, that NFT noise war over royalties and secondary liquidity is, in plain terms, a game between creators and the market—just like leveraged contracts, it’s all about redistributing risk and returns. I really dislike that “I’ll back it up” mindset—don’t expect redundancy to hedge against ignorance; position management is your real backup.