When the funding rate hits an extreme, my first reaction isn't "buy in," but rather asking myself: Is this wave driven by overheated emotion, or is there really a viable path for funds? Listening to the other side's orders sounds cool, but it actually tests your habits— you need to be able to endure watching it go crazy for a while, without rushing to prove yourself right. More often, I choose to avoid the volatility, turn off the lights, and wait until it cools down on its own.

Recently, I saw some news about increased taxes and tighter compliance in certain places. When deposit and withdrawal expectations change, people are more likely to leverage to vent their emotions, and the rate spreads become more tangled. Frankly, extreme rates are not a "signal of opportunity," but more like a temperature alarm in a greenhouse: either open the window for ventilation or don't plant new seedlings yet. Anyway, what I care more about now is whether I can develop the habit of "not rushing."