When funding rates hit an extreme, the group chat starts to get excited, as if not pushing forward means losing money. Frankly, at this point, I prefer to pull my hand back first: taking the other side of the trade isn't impossible, but you have to accept that it will continue to be more extreme for a while, and the repeated tug-of-war is the most torturous. Especially recently, there's been talk about regional tax increases and compliance—sometimes tightening, sometimes easing—causing deposit and withdrawal expectations to shift, and emotions to explode even before the K-line does. The "consensus" on funding rates can more easily turn into a stampede.

My current options are generally two: either take a very small position to oppose the market, and admit defeat immediately if wrong; or simply avoid volatility, waiting for the rate to return from "ridiculous" to "normally ridiculous." What I fear most isn't losing money, but losing control—that feeling of knowing you're just throwing a tantrum and still can't stop. For now, that's it, don't fight the market.