When funding rates hit an extreme, the group starts shouting "counterparty move."

I usually hold back my impulse first: either I genuinely believe I can catch the emotional turning point, or I prefer to avoid volatility and accept fewer gains.
Honestly, I trust on-chain "slow data" more—if TVL and cash flow haven't kept up, I don't want to get involved in a purely emotion-driven game.

And at such times, it's easiest to make chaotic moves: adding positions, stop-losses, chasing…
My biggest fear isn't slowness, but chaos—slowness can be waited out, chaos breaks your rules.
Recently, there's been a heated debate over NFT royalties—creators want income, secondary markets want liquidity, and in the end, it comes down to "who bears the friction costs."
When the market gets excited, it becomes more like a tug-of-war over funding rates.
Anyway, I just sketch small charts, and if I can avoid action, I avoid action.