Honestly, recently some people have been using the curve of stablecoin supply to "prove" that ETF funds are entering the market, then casually deducing that the market will rally next... Listening to that just makes me a bit tired. Correlation can be so deceptive: whether off-chain funds are flowing in or out may not be immediately reflected on the chain; the increase in stablecoins could just be moving assets, market makers replenishing inventories, or a bunch of people hiding risks behind a "seems very stable" facade. I’m not sure how things will develop later, but at least don’t assume causality just because two lines are close together.

By the way, the Meme attention rotation has started again. A celebrity’s casual remark can ignite a spark, and newcomers are most likely to take the final step in an atmosphere where everyone is making money. Anyway, I’d rather take it slow now, see clearly where the money is coming from and where it’s going, then decide whether to act. I’ll also avoid protocols with poor UX and opaque information.