Avoid treating on-chain or derivatives data in isolation.
| Concept | Explanation | |---|---| | Technical evidence | Trend, momentum, breakouts, volume, and volatility. | | Derivatives evidence | Funding, open interest, basis, long-short ratios, and liquidations. | | On-chain evidence | Exchange flows, active addresses, transaction activity, supply distribution. | | Market structure | Liquidity, venue fragmentation, stablecoin conditions, and dominance. | | Fundamental context | Network usage, token supply, protocol economics, governance, and security. |
Key idea: The strongest interpretation usually comes from independent evidence across technical, positioning, on-chain, and fundamental families.