Just on the blockchain, I saw a "coincidental transfer" from a new wallet to another new wallet, with the timing very precise. My first reaction was also a conspiracy theory... but when I looked at the path, it wasn't that mysterious: it's probably first withdrawn from an exchange, passed through an aggregator/router contract, then into a certain stable pool, while also distributing change and gas subsidies to several addresses, and finally landing in the target wallet. It looks like "someone is passing messages in secret," but it's really just an automated script + common fund flow.

These days, the funding rate has been discussed to the extreme again. The group is arguing whether to reverse or keep squeezing the bubble. I, anyway, won't follow the emotions for now. Many "coincidences" on-chain are mechanisms like liquidity, routing, liquidation, and re-staking running by themselves. If I can explain it clearly, I’ll just consider the noise to be smaller; if I can't explain it clearly, I’ll reduce my position and go to sleep. Even earning a little less is okay.