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 that the market is temporarily holding outside the door, and ETF inflows could be just gradual position adjustments, 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 lottery predictions… 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 quickly. Anyway, I still believe: the market rewards patience, but not necessarily impulsiveness.