When funding rates hit an extreme, I start to get conflicted: should I become a "counterparty" to pick up cheap deals, or just avoid this wave of emotion? I used to love to fight hard, thinking the more crowded the market, the better to profit; now I prefer to cool down myself—first check if my position is already too aligned in one direction, and confirm I’m not being driven by FOMO.

Honestly, when rates are extreme, winning doesn’t necessarily mean being right about the direction; it might be about "enduring the volatility." I usually have two approaches: either try to take a small position and go against the trend, pre-planning to withstand a spike; or just admit defeat, wait until the rates normalize, and accept missing out if necessary.

Recently, I saw more complaints about miners/validators earning more and more like "tolls," with MEV and fairness in ordering... Retail investors rushing into this environment are really easy to become fuel. I still prefer to save my bullets for ecosystems where there are actually people building on-chain, at least to keep a steadier mindset.