Just now, while checking on-chain data, I ran into that kind of “hiccup” again—I thought my network was acting up… Later I thought about it, and it was probably not me; it was the data side “catching its breath.” Subgraph/indexers actually have to chew through a pile of on-chain events first and then present them to you. In the meantime, they may reorganize things, have node synchronization lag by half a step, or let the indexing queue pile up—then you’ll see what you just saw: “How wasn’t this transaction here a moment ago, and then it shows up after a couple of minutes?” Plus, RPC rate limiting is even more realistic: everyone is querying, the bots are querying too, and public nodes just give you a 429, making it feel like the whole world paused for two seconds.

These past two days, funding rates have been extremely volatile. In the group, people keep arguing about whether to reverse or whether to keep squeezing the bubble—I personally think it’s better not to rush to use “that stuck frame” as evidence… When the market is at its most chaotic, the data pipeline is also most likely to clog. Anyway, I’m now checking on-chain across a couple more sources for cross-verification. I’d rather be slower than be fooled by the illusion of delay.