Once the funding rate hits an extreme, my first reaction isn't "Opportunity is here," but rather "Someone's getting anxious again." To put it simply, the more everyone is crowding on the same side, the less I want to force myself to be the hero and take the opposing position. Often, it's more cost-effective to avoid the volatility and make fewer mistakes; if I do go against the trend, I only dare to use a very small position, waiting for the emotions to settle down.

Recently, there have been a bunch of AI agents and automated trading running on the chain, which looks quite lively, but I'm more concerned about who is pushing narratives and who is seriously analyzing safety. In environments with extreme rates, robots hit the gas and brake at the same time, and ordinary people rushing in are mostly just getting washed out. Anyway, I’d rather miss out than become "fertilizer in the trading volume."