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Just finished reconciling last night's accounts and found that the funding rate has skyrocketed to that level of "too consistent."
In the past, I would get itchy to take the other side of the trade, thinking that when others crowd together, I’ll stand on the other side, but now I prefer to be a bit more cautious: not rushing to draw conclusions, first see if I can withstand the volatility and liquidation line, if I can't, then forget it, hiding is not shameful.
To put it simply, extreme funding rates do not mean free money; they are more like emotional amplifiers.
Especially recently with social mining and fan tokens, people say "attention is mining," but I see it more as attention being used as fuel...
It's lively, but the ledger won't join in the fun.
Tonight, I plan to take it slow, wait for the funding rate to return to normal before acting, just like that.