Recently, I saw someone using the stablecoin supply curve + ETF capital inflow to directly jump to the conclusion that "the next wave is coming." Correlation can be very theatrical; in simple terms, an increase in stablecoins might just be an off-chain hold at the door, and ETF inflows could be a gradual rebalancing, not an immediate rush into the altcoin paradise. Don't jump to causal conclusions just because they move in the same direction; wallets are not to blame. By the way, I want to criticize that the testnet incentives and points system are starting to make pie-in-the-sky promises again, guessing whether the mainnet will issue tokens is like a lottery… I usually look at the concentration of holdings first; if it's too concentrated, I treat it like a cat's paw touching hot water—pulling back. Anyway, I still believe: the market rewards patience, but not necessarily impulsiveness.