Recently, hot topics change too quickly, and as soon as I refresh the timeline, the narrative shifts. I realize that what I am most easily cut off from is not the direction, but attention: when I see others talking about something popular, I want to jump in, but most of the time I end up taking the last baton. Now I simply treat "hotness" as noise, first checking if the perpetual side's open interest, funding rates, and liquidation hotspots are moving; if not, I consider it external noise, and if it moves too much, I remind myself not to get caught up, and wait for a pullback.

The NFT royalty war is the same; creators and secondary liquidity each say their piece. I just focus on one thing: whether trading volume and order book depth have changed, and not be led by moral narratives. To put it simply, hot topics are just an excuse; the real harvest is that itchy trigger finger of yours. That's all for today—less trading and more review is more effective.