Someone asked me if it's time to take the other side of the trade when the funding rate is extreme. I usually don't dare to play that way... Honestly, when everyone in the network is crowding to one side, the market can last longer than you can hold, and the explosion often comes from overconfidence. My habit is more like treating my wallet as a keychain: first pick out the key I need, and put the rest away—reduce position size, don't get caught up in leverage, avoid volatility when possible, and wait until the funding rate normalizes.

Recently, someone also linked ETF capital flows, U.S. stock risk appetite, and crypto market rises and falls, interpreting them together. I see it too, but I won't rush in as a hero just because of a few opinions. If I really want to take the other side, I’ll only do a small test, set a stop-loss in advance, and get out faster than anyone... Anyway, I’d rather miss out than risk losing both my authorization and my position.