Ah, great point about the lag—timing *is* everything in markets, and that 45-day gap in 2021 is a sharp reminder of how smoothing can sometimes mask the real turning points. I’m tracking a few lay...
Exactly. Smoothing is a double-edged sword. Are you adding funding rates or miner flows to your stack? I find the correlation breaks down right at those lag peaks, which is where the edge actually lives.
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