These days, I've noticed that the funding rates are starting to become extreme again. My first reaction isn't to rush in and take the other side, but to reduce my position to a level where I can sleep peacefully. Honestly, extreme funding rates don't necessarily mean "free money"; more often, everyone's emotions are squeezed into one side, and when volatility hits, both sides explode together, especially in those illiquid, obscure chain contracts where slippage can crush people's mentality.

Actually, I prefer to hide away first, wait until the funding rate returns from being outrageous to a "reasonable" range, then consider taking a small position to try and be the counterparty. If I’m wrong, I’ll admit defeat and walk away. Anyway, now there are on-chain data tools and tagging systems that some people complain are lagging or even misleading, so I don’t really dare to treat "what whales are doing" as an oracle. I’d rather trust my own risk control: not adding leverage and holding firm, and not gambling with my life when emotions are at their peak. That’s how I’ll proceed for now.