I just looked at the funding rates again and they’re starting to spike to pretty extreme levels, with a bunch of people in the group shouting "counterparty is pushing." I usually don’t like to go head-to-head directly; honestly, at times like this, market sentiment speaks louder than logic: you bet on a return, they bet on going even crazier, and whoever can’t hold on first gets out first. My approach is a bit more cautious—I cut back on my positions, keep some spot/stablecoins, and wait for the volatility to wash out the weak hands before slowly rebalancing; if I really want to take the other side, I only use very small test positions, admit mistakes if I’m wrong, and don’t get caught up in the hype. By the way, these days, developers are talking excitedly about modularization and DeFi layer narratives, while users are still completely confused… With this kind of atmosphere and high fees, I’d rather stay on the sidelines for now. Also, a reminder to myself: I see simplicity as a trap. When I think “this is just a necessary pullback,” that’s often when I’m most likely to stumble. That’s all for now.