Since I started recording those "ridiculous moments" of funding rates, the biggest change is that my hands move a little slower... In the past, whenever I saw the rate skyrocket, I wanted to rush in and take the opposite position, thinking I was the clear-headed one, only to be repeatedly taught by volatile squeezes. Now I’ll first ask: Is this rate driven by excessive emotion, or is someone really opening positions and moving funds? If I can't tell, I might as well hide; earning less is better than suffering through it.

Sometimes, when the rate is extreme, I also take the opposite side, but I prefer more of a hedge approach, rather than relying entirely on the self-hypnosis that "it will definitely revert." Honestly, this feeling is somewhat similar to the recent chain gaming inflation + studio + coin price spiral: it looks lively, but inside, the gears are already grinding against each other. Anyway, I keep the pitfalls I remember in mind, so next time I won't step into them so deeply.