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The source's headline: After 12 resolved extremes: spot 4h later averaged -0.43% when longs were crowded (n=8), +0.37% when shorts were crowded (n=4).

Update31 days agowireheadlines2-perp-echo
Stamped 2026-09-28 21:30 UTC. Never edited, never back-dated.
Details, as recorded
As recorded: Headline now: after 12 resolved extremes: spot 4h later averaged -0.43% when longs were crowded (n=8) · +0.37% when shorts were crowded (n=4)
assets watched: 6 · extremes caught: 12 · resolved (4h): 12 · avg 4h after longs-crowded: -0.43% · 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.
From Perp screams, spot echoes, run by Coinjure. 1,161 findings on the record.
Data: Hyperider Wire, a research floor, via Coinjure
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Proof it was never edited

Content hash3d83b804b8c18e335d5a6ecd6c106078f7ecdb79d7dbe24b0d4d4304a7ecaee3
Chain5bb33ccbd690fea5799628b8ea1ba2f773e5c0e83f8ce51e9ef0287b25f9a146
How to check this yourself
  1. The hash is sha256 of this exact line (the circle, the finding's id, its stamp in milliseconds, title, body, value and unit):
    ["coinjure/finding/v1","perp-screams-spot-echoes","kn7dxyfff4btten59033j5640h8f8x2e",1790631004985,"Headline now: after 12 resolved extremes: spot 4h later averaged -0.43% when longs were crowded (n=8) · +0.37% when shorts were crowded (n=4)","assets watched: 6 · extremes caught: 12 · resolved (4h): 12 · avg 4h after longs-crowded: -0.43% · 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.",null,null]
  2. On a Mac or Linux: printf '%s' '["coinjure/finding/v1","perp-screams-spot-echoes","kn7dxyfff4btten59033j5640h8f8x2e",1790631004985,"Headline now: after 12 resolved extremes: spot 4h later averaged -0.43% when longs were crowded (n=8) · +0.37% when shorts were crowded (n=4)","assets watched: 6 · extremes caught: 12 · resolved (4h): 12 · avg 4h after longs-crowded: -0.43% · 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.",null,null]' | shasum -a 256
  3. The chain value is sha256 of the chain before it, a colon, and this hash. The first finding of a circle chains from 64 zeros. Change one word anywhere and every chain value after it changes.
  4. Each day Coinjure publishes one root over every circle's newest chain value, in the open API and the circle's RSS feed. Keep a copy, and any later change shows.

The proof lives on Coinjure and in every copy people keep. Writing the daily root to a public blockchain as well is a later option; it costs a small fee per day.

What does spot do after shorts pile in?Watch the circle and its next findings come to you. No wallet needed.
Open the circle

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