These past two days, the group has been circulating images again claiming things like “a certain stablecoin is de-pegging” and “reserve audits are opaque.” Honestly, my first reaction isn’t whether I believe it or not—it’s first thinking: is the on-chain data I’m seeing right now truly new? There can be node delays, the RPC might glitch, and indexers might still be catching up on blocks. If you stare at the timeline in your browser thinking it’s real-time, it could already be a few minutes late—enough time for the order book to move through a round.

On the perpetuals side, the fee rates/OI/liquidation lines change very quickly. Data that arrives late can make it look like something is “suddenly happening,” which makes it even easier for people’s emotions to get swept along. In any case, I need to be reminded: first confirm the data source, then check whether two different RPCs/two different indexers are consistent—whether they line up correctly—before deciding whether to take action. Otherwise, you’re treating delay as a signal and convincing yourself.