These past few days, looking at on-chain data made me laugh at myself: You think "on-chain = real-time truth," but what you're actually seeing is the version provided by a certain node/RPC/indexer, which might be queued, missing blocks, or even rolled back and re-added. Especially when some dashboards glitch out—transactions have already been confirmed on the chain, but the interface still looks like nothing happened... I even thought I had accidentally placed the wrong order with a shaky hand.

So now, when I look at "on-chain" data, I stay more cautious: for the same data, I switch to a different RPC or use a different browser to cross-check, not because I want to, but purely because I've been burned by delays a few times. By the way, the recent wave of public opinion linking ETF capital flows with U.S. stock market risk appetite looks lively, but if your data sources are inherently slow, following the sentiment can easily lead you to chase shadows. Anyway, I just treat it as "possibly delayed truth," and don’t get too caught up.