Recently, the fee rates have started to spike to very exaggerated levels again.

In the group, some are discussing stablecoin regulation and reserve audits, while others are spreading "de-pegging" rumors, causing the market to fluctuate wildly.
Honestly, at times like this, I’m not in a rush to be a hero and take the opposite side.
First, I check if open interest (OI) is also skyrocketing and where the liquidation levels are:
If everyone is crowding to the same side and getting more and more excited, I’ll at most take a small position against the trend and test the waters.
If I’m wrong, I’ll admit it immediately and not hold on stubbornly.
If the fee rates are extreme but OI isn’t cooperating, and the volatility seems driven by news, I’d rather stay on the sidelines and wait for things to cool down on their own.
I trust data more, the reason is pretty simple:
Intuition can easily be distorted by group chat chatter, but data at least won’t argue with you.
That’s all for now.