Lately, I've noticed that the funding rates have spiked to quite extreme levels again, and I can't deny feeling a bit itchy: watching the counterparty side look "stable," but when you actually get in, it feels more like twisting a hemp rope with the market, and even if the direction is right, you might get shaken off by the volatility. Anyway, I'm now more inclined to hide for a while and wait until the rates return to a normal range. I'd rather earn less than endure emotional swings blindly.

Another small observation: the narrative around modularization and the DA layer has developers talking excitedly, but on-chain data hasn't shown me any evidence that "users are really using it." Many times, extreme rates seem to be driven more by emotions and stories first. (I'm the type to take a slow approach, so I'll hold back for now.)