Recent funding rates have soared to ridiculous levels. My first reaction isn't "fight the other side," but rather to reduce my position a bit. To put it simply, extreme rates mean everyone is crowding at the door on the same side; theoretically, doing the opposite would be more profitable. But in practice, slippage, stop-loss triggers, and chain reactions are too torturous. Even if backtests look good, they can't withstand real-time market chaos.

The approach I now prefer is: avoid if possible, keep a small probing position as a "thermometer," and if I do end up on the opposite side, only risk what I can accept losing, with the rest watching as an observer. By the way, I watch the group arguing about privacy coins, coin mixing, and compliance boundaries. The more they argue, the more it seems like the same emotion: everyone wants to profit from certainty, but the market just loves to leverage uncertainty... Let's leave it at that for now.