I'm now checking whether the project team is working seriously, rather than looking at the K-line first.

I focus on the treasury expenditures and milestones to see if they match:
Have the funds been spent without issues? The key is whether there is output after spending, or at least an explanation for the delays.
I'm most worried about those who shout "big update next month" for three months, while on-chain expenses are quite diligent, but all are consultant fees/marketing costs...
Honestly, it's like sharing a rental: paying for utilities every month, but the kitchen is never properly installed, which makes me a bit anxious.

Recently, the funding rate is again extreme, and in the group, people are arguing whether to reverse or continue squeezing the bubble.
I personally dare not rely solely on emotions.
Even if the rate explodes again, it will only last a while.
How the treasury is burning through funds and how milestones are being achieved are the slow variables.
By the way, I want to complain that some projects say they want to save money, but their deployment is all on the mainnet with high gas fees.
Seeing that really makes me want to sneeze...
I’d rather they first focus on "small money-saving tasks" like batch transactions and L2 deployment.
Let’s leave it at that for now.