Lately, I see everyone casually saying "On-chain data tells me," and I want to laugh... The "on-chain" data you're looking at might already be as late as a wedding invitation. Slow node synchronization, a crowded entry point, plus someone in the middle helping you "organize and archive" slowly, you think the market suddenly changed, but actually it's just that the world on your screen has just finished loading. During extreme funding rate periods, whether the group argued about a reversal or continued to pump the bubble, I'm more worried about: you betting with delayed "truth" and still thinking you're using an omniscient perspective. To put it simply, don't treat the refresh button as an oracle; sometimes speed is more misleading than direction.

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