When the funding rate hits an extreme, the group starts saying "counterparty pushing, charge ahead." I used to love copying this move too, but I often got stopped out by a needle, and the profit wasn't even enough to pay for tuition... Now I’m more like a dust collector: willing to pick up the broken pieces on the ground, rather than rushing to catch flying knives.

Especially these past two days, with stablecoin regulation, reserve audits, and de-pegging rumors being repeatedly shared, emotions run high, and the volatility becomes more erratic. To put it simply, if the rate is too exaggerated, I’ll first reduce my position and keep some bullets; if I really want to do a counterparty push, I’ll only try a small test, and admit when I’m wrong. Anyway, I still stick to that "dust" — it may not shine, but it lasts a long time.