I started tracking stablecoin supply, ETF net inflows, and OTC currency exchanges just to prevent myself from getting too excited and mistaking "simultaneous events" for "causation." Sometimes, when supply increases, the on-chain activity is actually dead quiet; when ETF activity heats up, it doesn't necessarily mean people are really adding to their positions on-chain, it might just be other positions shifting. The biggest benefit of recording for a long time is: before getting emotionally carried away, I can pause for two seconds and look back to see what kind of illusions I’ve been chasing.

Recently, AI agents automatically running strategies and interacting with contracts have been hyped up as very mysterious... I care more about whether they actually take security seriously—permissions, signatures, replay attacks—these old pitfalls, once amplified by automation, can cause real trouble in an instant. For now, I’ll keep watching the data and drawing charts; being suspicious and paranoid is better than blindly optimistic.