Recently, the funding rate has started to become "sharp" again, and the group chat is noisy like a vegetable market: is this a reversal or just more bubble squeezing... I'll just cover my ears for now and see if I can withstand the volatility.

Should I take the other side?
Yes, but only when I can lower my risk frequency.

To put it simply, when the rate is extreme, taking the other side is like picking up coins on the ground, but there might be blades. I usually don't go all-in betting on turning points; I prefer to hold a small position and gradually stand on one side: hold some spot/low leverage, and hedge the big trend with futures, so that earning the funding rate doesn't turn into "betting on the market." If the volatility starts to go haywire and slippage increases, I’d rather hide away, even if I earn less—being able to sleep well is the most important. That’s it for now.