When the funding rate hits an extreme, the group starts arguing about whether to place a counter order.

I used to be stubborn: I only looked at on-chain data, seeing large traders continuously adding to their positions and wanting to push back.
Later, after being washed back and forth a few times, I realized: on-chain paths can show who is moving, but they can't tell how exchanges will drain your liquidity in the next minute...
To put it simply, when the rate is ridiculously high, I prefer to hide and wait until the "eager to get in" emotions die down before acting.

Recently, the NFT royalty war also feels similar: creators want to earn more, traders want liquidity, and in the end, everyone wants the other side to give way.
The market is the same—fees are the cost of mutual squeezing, and when pushed to the limit, trouble is easy to happen.
Anyway, I’m not trying to be brave now; if I can avoid taking sides, I do. First, just stay alive.