These days, I've noticed the funding rates are starting to become extreme again, and the group chat is buzzing: some say a reversal is coming, others say we should keep squeezing the bubble. Honestly, I don't love playing the hero that much right now... When the rates are extreme, market sentiment is like a tightly wound spring. You might make a profit by taking the opposite position, but you could also get whipped around a few times first, and the mental cost is even higher than the trading fees.

My own approach leans more towards "avoiding volatility": I first reduce my position size, and if I want to try, I only place very small test orders. If I’m wrong, I admit it—no need to stubbornly hold on. Recently, I’ve simply lowered my expectations, which has made me feel much more relaxed. I don’t have to guess the top or bottom every time; I just wait for the narrative to develop and for consensus to emerge naturally. Since the market doesn’t give certainty, I prefer to pay less tuition first.