In the past few days, I've seen people again linking stablecoin supply, ETF inflows, and market trends directly, basically making it look correlated, but it might not necessarily be causal. When stablecoins increase, it could just be an off-chain "backup," or it could be exchanges reallocating positions or market makers adjusting their holdings; ETF movements seem more like a slow-moving capital channel, with the rhythm completely different from the congestion or bundling on-chain.

Moreover, with recent incidents like cross-chain bridge hacks and oracle errors, everyone's first reaction is still "wait for confirmation," and funds tend to hide in stablecoins to pretend to be dead, not necessarily indicating an imminent surge. Anyway, I see these indicators mostly as mood gauges; to really draw conclusions, I need to watch actual on-chain transactions and gas fee patterns... Forget it, I won't talk about this anymore.