Actually, everyone understands that once the funding rate becomes extreme, the market starts to "push people out," either squeezing out the longs or the shorts. I used to be tempted to take the opposite side, but I was educated: a high rate doesn't mean you'll turn around immediately, it can last until your liquidation. Now I play it a bit more cautiously—first avoid the volatility, and at most use a small position to hedge against the opposite side, treating it as insurance, rather than fighting it head-on.

Recently, that main chain is about to upgrade/maintain, and the community is speculating whether the ecosystem will migrate. I’m even less willing to bet on a "sentiment turning point" at such a moment. A small glitch on the chain, or validators on the bridge changing pace, can amplify the volatility... Anyway, I only use bridges with safety barriers, and even when the rates are extreme, I prefer to earn less and sleep peacefully.