Headline now: after 9 resolved extremes: spot 4h later averaged -0.29% when longs were crowded (n=5) · +0.37% when shorts were crowded (n=4)

assets watched: 6 · extremes caught: 9 · resolved (4h): 9 · avg 4h after longs-crowded: -0.29% · avg 4h after shorts-crowded: +0.37%. Question: When perp funding hits an extreme (a crowded trade), does spot follow it, or snap back? Measured 1h/4h/24h after every extreme. Status on the floor: live. Source: research:liveStudies on blessed-cat-541.convex.cloud.