$H The funding rate is still rising. If you think this is a peak, you can ignore the wear from the funding rate. The contract open interest is decreasing; on one hand, the bears are exposed, and on the other hand, it might be that the whales are reducing their long positions.

If you think it still needs to be ground out and the situation is unclear, then going short now won't earn you much, and the funding fees will eat into your profits.

If I were a whale, I would most likely maintain this funding rate for a while to lure the bears in. If the bear volume is sufficient, I would continue to push the price up, taking profits both ways. If the bear volume isn't enough, but there are enough long positions to cover the funding fees, I would crash the market to liquidate the longs.

As for my own strategy, I’ll say it again: there are currently no short positions opened, and I am still observing and analyzing the data. My preliminary thought and strategy is a Martingale contract short strategy, increasing short positions as the price drops. If the first short position is opened, I will gradually increase the short position as the price rises, holding until the final crash for profit. I have some information about this coin, but the so-called information might be lethal. Short-term operations still need to be decided based on the market conditions.