These days, the funding rates have surged to quite extreme levels again, and the group is buzzing: is it about to reverse, or continue to squeeze the bubble? Honestly, every time I see this feeling of "the entire starry sky pulling in one direction," my first reaction isn't excitement, but a bit of wanting to pull my hands back first...

Of course, taking the opposite side of the trade is very tempting, like betting on the tide turning back, but before actually making a move, I ask myself: am I betting against the emotion, or can I really withstand the volatility? Many times I choose the latter: reduce my position, or simply stay away, and wait until the rates aren't so glaring. Long-term, I don't have strict rules either, not necessarily quarterly, more like "enduring a round of noise and still being able to sleep," that period might be three weeks, or maybe two months. That's it for now.