When the funding rate is extremely high, I basically just avoid it—I don’t take the other side. Thinking about it, it’s a bit cowardly, but it really affects my sleep. Anyway, after the rate-cut expectations have played out, the US Dollar Index is still this strong, so I’m even less willing to make random moves. I always feel that the sentiment around risk assets is a little fragile. Sometimes I see other people still stepping in to take long positions when the funding rate is that high, and I genuinely admire their nerve. I’d rather make a little less profit than be liquidated in the middle of the night. Every time I see an extreme funding rate, it reminds me not to always think other people are just “suckers”—I should first control my own hand.