$BTW fee spikes at extreme levels don’t automatically mean “free money.”
High fees usually signal intense speculation, but that can cut both ways — momentum can persist longer than expected, and crowded positioning often extends trends before any reversal shows up.
If volatility is this elevated, risk swings cut fast in both directions. Trying to “farm fees” while betting on an imminent crash is effectively a directional bet with added complexity, not a guaranteed edge.
Some traders may hedge with spot exposure or reduce risk instead of assuming a reversal is immediate.
In these conditions, the key is less about chasing fees and more about managing exposure — because overstaying either side can get punished quickly.
High fees usually signal intense speculation, but that can cut both ways — momentum can persist longer than expected, and crowded positioning often extends trends before any reversal shows up.
If volatility is this elevated, risk swings cut fast in both directions. Trying to “farm fees” while betting on an imminent crash is effectively a directional bet with added complexity, not a guaranteed edge.
Some traders may hedge with spot exposure or reduce risk instead of assuming a reversal is immediate.
In these conditions, the key is less about chasing fees and more about managing exposure — because overstaying either side can get punished quickly.