These days the funding rate is just up in the air, and the whole network is gambling on which direction it’ll go. As for interest rates… honestly, I’m pretty conflicted. If the Fed over there loosens its tone a little, the market gets hyped. But once it tightens again, people just lie flat. Still, how could risk appetite possibly filter through to positions that fast?

Anyway, I’m thinking it’s either the last round of bubble-popping right before a reversal, or it’s genuinely continuing to blow higher. For people like us who always jump on after the pump, whatever macro data you look at just feels like an excuse.

I spent the whole afternoon cross-checking with a perpetual contract address. It feels like on-chain open positions are declining, but the funding rate is still high—pretty split, honestly. Forget it, I’ll chase a bit for now. In any case, if it’s time to charge, we charge. I’ll log this and figure out why I ended up being a LateEntryLarry again.