Just glanced at the funding rate—it’s pretty extreme. When I used to see this kind of market movement, I’d always wonder: should I go be that “opposing side”—hold on hard and make some money from the funding. Now, though, since I’m slow to react, when I see this kind of volatility my first instinct is to stay away. Anyway, the market won’t close shop. Earning a little less is better than getting deliberately blown up.

Lately, a lot of people have been talking about on-chain data tools. Some also complain about the tagging system, saying that the behavior of those “smart money” players is actually lagged—maybe even intentionally released to lure people into following. I’m also not really convinced anymore that data analysis is all-powerful.