The third time I saw funding rates spike to ridiculous levels, my first reaction was: should I take the other side? But honestly, at this point, market sentiment is too euphoric, and rushing in to fight it head-on can easily teach you a lesson through volatility. I'm now more inclined to hide first, turn off leverage, and keep some spot/pledged assets as background music, waiting for it to cool down on its own.

And recently, isn't someone complaining that on-chain data tools and tagging systems are a bit laggy or even misleading? I don't dare to jump to conclusions just by looking at a "smart money label." Extreme rates = lots of people crowding to one side, and this signal is actually more straightforward… Anyway, I'll first sip some coconut water and not rush to prove that I'm the smartest.