Funding rates are extremely high, do you really want to rush in and be the hero to take the hit?

I usually first pull my hands back: at times like this, it's mostly not an "opportunity," but the market forcing you to pick a side, and if you pick the wrong side, you'll get slapped in the face by volatility.
Of course, taking the other side of the trade is satisfying, as long as you can handle being pierced, sharply pulled up, or sharply dropped, and don't fool yourself into thinking "I'm catching the top/catching the bottom."
To put it simply, funding rates are like a thermometer of crowd sentiment; when it heats up, I prefer to test with small positions or just stay flat, letting it wash out the impulsive traders first.
Recently, meme + celebrity call signals have made attention shifts more obvious, and newcomers are most likely to be the last to jump in.
Veteran traders advise you not to get caught up in the hype — it's not about showing off, but because they've seen too many times before.