Recently, everyone has been arguing whether the extreme funding rate is about to reverse or continue to inflate the bubble.

It made me think of options: the buyer is actually racing against time, if the market isn’t fast or fierce enough, the time value gradually eats away at you;
the seller, frankly, is collecting a "delay fee," as long as a sudden big move doesn’t break you, they can slowly eat away at this time premium.

But don’t think of the seller as too comfortable; when a black swan event occurs, the little premium they’ve collected before might not be enough to cover the losses all at once.
Forget it, to put it plainly: buyers fear erosion, sellers fear collapse.
I personally prefer to be cautious; if I do take a position, it’s only a small amount as insurance/hedge, I don’t want to let emotions be driven by a few big bullish or bearish candles.