Once the funding rate skyrockets to ridiculous levels, my mind feels like I smell burnt toast: it's not fragrant, it's about to burn😂.

At this moment, I really struggle—should I take the opposing side to earn that "interest," or just close the position and hide from the volatility?
Honestly, extreme rates = extreme emotions. Following the crowd can be exciting, but it can also lead to getting pierced by a needle in return.

I used to think "the higher the rate, the more I should short," but several times I stubbornly held on only to be pushed higher by the market, having to top up margin while questioning my life...
Later, I learned my lesson: either take a small position against the trend with a stop-loss; or just not take a position at all, better to miss out than become fuel for the fire.
Recently, the group has been arguing about the compliance boundaries of privacy coins/mixing coins—arguing like the funding rate—emotions flare first, then rationally add to the position.
Anyway, I prioritize survival; if the bread gets burnt, don’t force yourself to eat it.