Recently, I've seen the funding rates skyrocket again, and the group chat is arguing quite fiercely: is it about to reverse, or is it just continuing to squeeze the bubble? Frankly, I’m not really confident in being a "smart counterparty" right now. After being educated by the cross-chain bridge last time, I realized one thing: you think you're fighting against emotions, but actually you're joking with liquidation and liquidity... For extreme rates, I usually turn off leverage first, avoid participating if I can, and if I do, I only use very small positions to test the waters, planning ahead for the worst-case scenario to exit. Taking it slow isn’t a big deal; at least I won’t wake up to find I’m paying tuition to the market again.