Just took a look at the funding rate again, and it’s gotten extreme once more—both longs and shorts are gambling. Honestly, when I see this kind of situation, my first instinct is to hide rather than rush in to be the counterparty. No matter how high the rate is, if the principal is gone, you have nothing. You learn that lesson after getting hit a few times.

Anyway, my current strategy is to cut a bit of my position size and wait for the dust to settle. The token airdrop interactions are already keeping me plenty busy—no need for that extra bit of fluctuation money.

Also a reminder: phishing links have been everywhere recently, and even hardware wallets are out of stock. Security awareness has to keep up. Don’t try to save a few dollars’ worth of gas on a random link—if you get burned, nobody’s going to take care of you.