Recently, everyone has been talking about whether extreme funding rates will reverse or continue to inflate the bubble. I would instead look up first to see the trend of interest rates. To put it simply, high interest rates and cash yields tend to reduce risk appetite, and even confident positions can be eroded by "opportunity costs"; conversely, when interest rates loosen, leverage becomes bolder, and when funding rates heat up, they get even hotter.

I myself am now hesitant to impulsively add to positions just by looking at K-line charts, especially with pools/contracts related to oracles. When macro conditions tighten, liquidity thins out, price feeds get delayed + slippage stacks up, and what often explodes isn't the direction but the mechanism... First, shift the position from "needs perfect execution" to "allow some hiccups and still survive."

You say "high funding rates must mean a reversal"? I can only say, I've seen it wear people down to doubt everything before turning around. That's all for now.