When the funding rate hits an extreme, my first reaction isn't to "rush in and take the opposite side," but to ask myself first: Am I doing this to earn the fee rate, or just itching to buy the top or sell the bottom? Frankly, no matter how attractive the fee rate is, it can't withstand a single needle. When encountering such emotional trading, going against the trend might be right, or I might get squeezed to the point of doubting life... What I usually do more often is to first lower the leverage, keep some spot or small positions, and be able to sleep peacefully.

Recently, I've seen everyone again pushing testnet incentives, points, guessing whether the mainnet will issue tokens or not. When expectations are at their peak, volatility tends to be faster than logic. Anyway, I’d rather miss a few "perfect counterparty" opportunities than disrupt the rhythm by stubbornly holding on. Position management is much more reliable than predictions.