Recently, I saw the funding rate start to spike to ridiculous levels again, and a bunch of people in the group want to take the opposite side to make a quick profit.

I myself am more inclined to hide from the volatility first… To put it plainly, when the rate is extreme, market sentiment is already very biased, and doing the opposite isn't necessarily wrong, but you have to withstand that period of “getting even crazier,” as leverage increases, it’s easy to pull the potted plant out by the roots.

My usual approach is: trim the position first, try not to use leverage, and if I really participate, I’d rather put it into a stable pool/structure and slowly grind, even if it means earning less, I can sleep peacefully.
Especially recently, meme and celebrity signals keep coming in cycles, attention comes quickly and leaves just as fast, and I agree with veteran traders advising newcomers not to take the last hit… Anyway, I’ll just play it safe for now and wait for the storm to pass.