Recently, the funding rates have spiked to quite extreme levels again, and a bunch of people in the group started saying "take the other side," but I’m actually a bit hesitant. To be honest, extreme rates don’t mean an immediate reversal; it’s just that the market sentiment is too uniform, and the "must win this round" attitude in the order book is very obvious, but it could also be manipulated and pushed for a few more rounds.

My usual options are generally two: either take a small position on the opposite side, provided I see the exchange’s net inflow or large wallets are also cooperating (otherwise, I’d be risking my own skin to catch a flying knife); or simply avoid the volatility and wait until the rates return to a normal range, even if it means earning less. Recently, the airdrop season feels like clocking in at work, with task platforms even countering witches and offering absurd points coupons, making the emotions even easier to get carried away… Anyway, I’ll first tighten my hands and not let the word "extreme" set the rhythm.