Honestly, many people look at "on-chain data" as if it's an edict, but the second you see it, it may have already been flipped several times by nodes, RPC, and indexers... When you check your balance/transfer, it's actually the version your entry point told you, not the absolute truth of the universe. RPCs get queued and rate-limited when busy, indexers may miss a segment if they sync slowly, and even the same transaction can show different times on different interfaces.

So recently, the funding rates have been extremely volatile, and in the group, people are arguing whether to reverse or continue squeezing the bubble. I only have one thought: don't take "on-chain buying/selling" as an anchor point; it might just be that the data you're seeing hasn't caught up with the real market sentiment. In perpetual contracts, I only trust two things: the rate and human nature. On-chain data can only serve as a reference... I’m not even sure about that, but at least don’t use delays to boost your confidence.