After being in the market for a long time, you will see a heart-wrenching truth: price is always the late but honest one.

The heated debates on social media, the surge in community enthusiasm, and the heightened project sentiment? To be honest, these things can't predict anything at all. The only thing that can give you a sneak peek into the direction is the cold hard on-chain data and the flow of funds.

Recently, I have picked up this rational analysis framework again. Projects that rely on creating gimmicks and piecing together narratives may be eye-catching, but in the long run, data is the only language in the market that does not lie. Learning to understand it is more useful than chasing any trends.