Let me vent to you, recently the market feels a bit "waterless"… The order book is thin, and just a small needle can sweep people in and out. The community is still arguing whether the extreme funding rate will reverse or continue to inflate the bubble. Honestly, I don't know either. All I know is that at such times, it's easiest to get wiped out by the words "bottom fishing."

My only note in my journal now is: survive the liquidity drought. Keep positions small, don't enter if conditions aren't met. Better to miss out than to force a guess at the turning point. No matter how crazy the funding rate is, it's just an emotional thermometer, not a signal light. Wait until trading volume returns, stop-losses can be set, and slippage isn't outrageous, then talk about picking up bargains… That's it for now.