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This round of $RIVER's market really is incredible. I sold when it dropped from $6 to $2, only to see it turn around and rise to over $30—that feeling was so heartbreaking. Now looking at the funding rates, they are ridiculously high, which scared me so much that I don't dare to touch it again.
With such a crazy market, there must be big funds manipulating behind the scenes. Retail investors in this kind of market are like headless flies—chasing high and getting trapped, panicking and cutting losses at low points. The exaggerated funding rates indicate that bullish sentiment has already peaked, and there are probably quite a few leveraged liquidations happening.
Instead of blindly operating, it's better to calmly observe the market rhythm. Watch how the whales play next, and consider entering only when the risk has been mostly released. Greed is a big taboo; staying alive and exiting safely is more important than anything else.