Recent observations show that people are once again treating "increase in stablecoin supply = about to take off" and "ETF net inflow = off-chain funds are coming" as ironclad logic, essentially confusing correlation with causation.

A rise in stablecoins could also mean that people have minted them in advance and are waiting for opportunities, or that on-chain arbitrage or market-making is happening, which doesn't necessarily mean they'll immediately rush in to buy;
Similarly, ETF inflows might be for hedging, rebalancing, or simply moving funds from other portfolios—don't jump to conclusions and imagine a storyline just from the data.

I personally now prefer the approach of "dividing meals into portions": keep up with new chain tasks, save on interaction steps when possible, split funds into small parts, and avoid going all-in on macro signals.
By the way, I saw that NFT folks are arguing again about royalties, saying they want to protect creators but are also worried about liquidity in secondary markets…
Anyway, everyone has their own difficulties, and in the end, it's about who can make the rules more user-friendly.
That's all for now, I'll harvest again tomorrow.