These days, the group is again arguing whether the extreme funding rate will reverse or if the bubble will continue to be squeezed. To be honest, I was a bit slow to react... After looking around, I realized everyone is betting on "how long can the sentiment last."

What I find more tangled is the matter of options: When I am the buyer, the time value feels like an alarm clock, gradually wearing down my patience day by day; when I am the seller, the time value looks like it’s paying me a salary, but frankly, I’m just covering someone else’s tail, and when a black swan comes, I have to double down.
Anyway, right now I prefer to act less, make sure the cost calculations are clear, and not get myself into a high-volatility trap just because it "looks like a sure win." That’s all for now.