Recently, I've seen the funding rates being pushed to extremely exaggerated levels again, with a bunch of people in the group getting excited and eager to jump in and take the other side. To put it simply, extreme funding rates do not necessarily mean an immediate reversal; they just serve as a reminder: this place is packed, and whoever blinks first will suffer.

My own rules are pretty simple: when the rates are outrageous, ask myself if I can withstand a fluctuation as small as a pinprick. If I can handle it and have clear stop-loss/reduction points, I consider taking a small position against the trend; if I can't handle it, I hide. Being out of the market also counts as a position, and it’s not shameful anyway. Especially now, with meme hype and celebrity calls shifting attention so quickly, newcomers really shouldn’t try to catch the last wave. When the rates are high, you might think the market is “giving you money,” but in reality, it’s “the market charging you tuition.”

Honestly, sometimes watching everyone scramble to be the hero in extreme funding rates can be annoying… but thinking about it, discipline is meant to fight against this kind of noise. Let’s stick to that for now.