Recently, some people are shouting "This time it will definitely explode on one side" about the funding rate, but I’m actually more hesitant: doing the opposite side at extreme times is indeed tempting, but honestly, you're betting on a sentiment reversal, not the correctness of the direction. When faced with a market that’s continuously squeezing, holding the rate to catch the falling knife can be quite exhausting. I usually cut my leverage and position in half first; if I really want to take the opposite side, I only dare to try a small amount. Most of the time, I’d rather avoid the volatility and wait for the narrative to fade before seeing if genuine buying interest returns. By the way, those on-chain tags/data tools have recently been criticized for being laggy and misleading, so I now only treat them as references, not gospel. Last night, my mom also asked me, "Is the funding rate interest? Are you borrowing money?" I just replied half-jokingly: pretty much, but don’t think you can get it for free.

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