I watched the funding rate all night, all the way until 3 a.m., trying to see whether they were arguing for a reversal or just getting squeezed into a bubble pop—it was driving me crazy.

Speaking of block builders and bundles, I think retail traders don’t need to obsess over the technical details. Just knowing that they can help you get out ahead and keep slippage low is enough. Anyway, when rates are at extremes right now, I’m mostly tracking bundle flow and changes in the funding rate to judge in advance whether the sentiment has already peaked. As for how they’re put together—forget it, it’s not like I’m trying to write a paper.

When the market heats up, people are likely to lose their heads. I get anxious too, but discipline is discipline. For now, that’s it—I’m going to check the funding rate chart for tomorrow.