Recently, the funding rate really is kind of interesting—it swings negative to an absurd degree, and then shoots so high it’s scary. I’m just a “crop grower,” not a professional market maker, so when extreme funding rates show up, I generally don’t force it. When funding turns negative, I temporarily don’t touch perpetuals; I rotate to spot to accumulate some coins. When funding is high instead, I’m actually a bit happier—collecting the funding fees is like harvesting the crops. Some people like to set traps on the counterparty side during this time and wait for liquidations, but with small capital I can’t reliably catch that rhythm; it’s better to dodge the volatility and feel more at ease.

Lately I keep seeing all kinds of unlock calendars—looks like every week there’s something to unlock. I see a lot of anxiety in the groups, and this kind of sell-pressure anxiety is also what makes the funding rate fluctuate even more wildly. To be honest, anxiety is one thing, but it actually gives people who stare at the charts opportunities. Still, I’m just a “crop grower,” so I’ll stick to my own pace. The more pits I step into, the more naturally I’ll know when it’s time to clear the field and rest the soil.