These days, the funding rates are a bit extreme again, and everyone in the group is arguing about whether to take the other side of the trade. To be honest, I usually look at two things first: whether the exchange's net inflow suddenly increases, and whether macro liquidity is tightening. If the market sentiment is hot but the coins are piling up on the exchange, and outside dollar liquidity is tight, I’d rather hold less position—avoiding volatility is more comfortable than fighting head-on; if I do take the other side, it would be very small, afraid of being "squeezed" into questioning life...

By the way, recently, the "attention mining" concept with social mining and fan tokens looks pretty lively, but I’m more concerned about whether it will eventually push the risk back onto exchanges and leverage. Anyway, with extreme fee rates, winning a round isn’t hard; the hard part is not getting repeatedly harvested within the same emotional cycle. That’s all for now.