Recently, the funding rates have skyrocketed to quite outrageous levels, and I actually don't want to move much. In theory, taking the opposite side of the market is very tempting, but honestly, you're betting against "emotion + leverage," and even if you're right about the direction, you could still be washed out by volatility, especially in a market that swings sharply up and down.

My current habit is to first hide: reduce my position size, or simply hold only spot/low leverage, and wait until the funding rate returns to normal before acting. As for shorting to catch the rebound, if I really do it, I only dare to do it in batches, leaving enough margin, treating it as insurance rather than as a way to make easy money.

Recently, everyone has been interpreting ETF capital flows, US stock risk appetite, and crypto market rises and falls together... I just find it noisy to listen to. Narratives can explain a lot, but they can't solve the sudden fluctuations in your account. Survive first, and then there's a cycle to talk about later.