I just stared at the mempool for a bit, kind of spacing out. When trading has been congested lately, I always see some “coincidence transfers”—the timestamps are nailed down precisely, and the gas bids happen to land right at the edge of the queue. If you break down the path, it turns out every step follows a pretty consistent pattern. In plain terms, someone is using timing differences to shape the order flow. If you watch more slowly, these moves aren’t as mysterious as they seem—they’re basically scripts that keep pushing to race the packaging tempo.

With the funding rate getting so extreme and the group chat getting loud, I don’t know whether it’s about to reverse or if we’ll just keep squeezing more bubble. Anyway, I’m too lazy to chase it. I’ll slow down first, keep watching those on-chain “coincidence” paths, and slowly break them down before deciding what to do.