Just took a look at the funding rate—it’s reached an extreme range again. Every time this happens, screenshots of stablecoins “depegging” start going viral in the group chat. Honestly, the sentiment spreads faster than the price moves.

My approach right now is either to simply play the other side—when the funding rate goes wildly negative, take a small position and place reverse orders—or to reduce my exposure and stay out of this stretch. To put it plainly, the market right now is a mirror ball: what you’re seeing is your own fear.

On-chain data has actually been pretty steady recently, but the panic circulating in the group chat spreads more effectively than any audit report. Some people bring up the word “backup.” I think the real backup isn’t creating more wallet addresses—it’s leaving yourself a way out for your decision-making. For example, when you see extreme funding rates, ask yourself first: am I running on emotions, or did I genuinely spot a data signal?

Forget it. Anyway, I’ll do this for now.