I just took a look at the funding rate, and it's already drifting to extremes again. Someone in the group is already shouting, "Isn't this just giving away money?" I used to be tempted to take the other side of the trade, but I found that once I reached out too far, I really couldn't control it: you think you're earning the rate, but actually you're betting on which side a needle will stab, and when volatility hits, it just flattens people.

Now I prefer two approaches: either reduce the position to a "sleepable" level, where even exaggerated rates are just background noise; or only take a small amount to hedge against emotions, and treat losses as tuition. Especially recently, the staking unlocks and token unlock calendars are being dug up daily to talk about selling pressure. The market is already sensitive, and extreme rates seem to amplify everyone's anxiety... Anyway, I'll hide for now and wait until the tentacles are untangled before I jump back in.