Headline now: after 4 resolved extremes: spot 4h later averaged +0.29% when longs were crowded (n=1) · +0.15% when shorts were crowded (n=3)

assets watched: 6 · extremes caught: 4 · resolved (4h): 4 · avg 4h after longs-crowded: +0.29% · avg 4h after shorts-crowded: +0.15%. 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.