Funding rate extremes, and the group starts asking “Should we do the opposite?”

I usually first give myself three minutes to calm down: frankly, extreme rates are not signals, they are a thermometer of emotions.
It’s not impossible to take the other side, but you have to admit you’re wrestling with the excitement/fear of a whole bunch of people, and a slight push on the accelerator can leave you behind…
Most of the time, I choose to avoid volatility, reduce leverage, or simply stay on the sidelines and watch the show, waiting for the rates to return to normal.
Losing a little profit is better than being “educated.”

Recently, modularization and the DeFi layer are being hyped up by developers, with users looking confused—kind of like listening to someone talk about their love story: exciting, but not directly related to my wallet.
The hardest part of the cycle isn’t judging the direction, but resisting the urge to place big bets during the loudest moments.
Anyway, I’ll just endure and save some bullets for the moment when the narrative truly lands.