Someone asked me if the funding rates have skyrocketed to extreme levels, should I go against the market to pick up profits. Honestly, what I more often do is "stay away first." When the rates are extreme, market sentiment has already reached its limit. Opponent positions may seem very attractive, but you're not winning on direction—you're winning on whether you can withstand that sudden, explosive volatility, especially with those abnormal active addresses popping up on-chain that can instantly turn you into "theoretically correct."

I usually look at a few points first: Are there a bunch of leverage positions on the same side piling up, where are the liquidation levels roughly, are there large funds moving back and forth (like testing the waters), if all these signals lean toward "causing trouble," I’d rather earn less than stand firm on one side. Recently, there's been a lot of talk about staking unlocks and token unlock calendars. When selling pressure anxiety kicks in, the market is more prone to overreact, and extreme rates are just adding fuel to the fire.

If I really go against the market, I only dare to do small positions and place orders slowly, not chasing those "free points" that come from a single needle stab... Anyway, what I fear more is being educated by the market, not missing out.