These days, I've been feeling a bit numb from constantly checking the funding rates. In extreme cases, I actually don't want to force a counterparty trade. To be honest, high rates don't necessarily mean an immediate reversal; it might just be everyone crowding on the same side, and when volatility hits, they’ll be the first to get caught out. If I really want to take a bite, I’ll keep my position very small, prioritize areas with deep liquidity and reasonable slippage, and just stay away the rest of the time, waiting for it to cool down on its own.

Additionally, now large on-chain transfers and hot/cold wallet movements on exchanges are often interpreted as "smart money"… I see it too, but I treat it as a thermometer of market sentiment: the more people watching those few transactions, the more it looks… like… spectators eating melon and grabbing seats. Anyway, I’d rather earn a little less than prove how smart I am during the loudest fee rate times.