Today, the funding rate is once again showing some extreme signs. My first reaction isn't "fight the other side," but rather to ask myself: Am I trading or just battling my emotions... Frankly, when the rate spikes, the other side does look tempting, but if I can't handle that kind of needle-like volatility, I shouldn't pretend to be tough. I just checked on-chain, and a series of funding payment records from a perpetual pool are constantly being refreshed, with several consecutive payments in the same direction, feeling like everyone at karaoke is fighting for the mic—getting more and more hyped. The macro discussions about rate cut expectations, the dollar index, and risk assets going haywire are also quite noisy. Anyway, I now prefer to "avoid if possible": reduce my position size, hedge a bit, keep some bullets, and wait for the rates to normalize before slowly rebalancing. If I really had to fight the other side, I’d only dare to do so with a size I can sleep peacefully with. That’s all for now.