Recently, I’ve seen the funding rates spike to ridiculous levels again, half the people in the group are shouting “go do the counterparty to pick up the money,” and the other half say “don’t touch it, volatility can wash people out.” I now lean more towards the latter... Frankly, at the extreme moment of the rate, market sentiment has already twisted into a knot; you think you're earning interest, but you're actually catching an emotional bomb.

Of course, I’m not completely avoiding it; I’ll make small repairs like patching: reduce position size, tighten stop-losses, take some hedges as seat belts, and see if I can survive first. Recently, the AI Agent automatic interaction system has been quite popular, with a lot of hype around the narrative, but I care more about whether it has thoroughly secured permissions/signatures, otherwise, automatic trading might get out of control, and losing money could all be “automatic”… For now, that’s it, I won’t be a hero today.