Someone just showed up with a chart overlaying the stablecoin supply curve and ETF net inflows, and the conclusion immediately turned into "funds are coming in." I got a bit anxious about it... Correlation does not equal causation, after all. Basically, an increase in stablecoins might just mean they’re moving to an off-chain parking spot, or market makers and hedgers are stockpiling bullets, not necessarily rushing into spot markets right away. On the other hand, these days, the group keeps mentioning staking unlocks and token unlock calendars as “selling pressure,” and when emotions run high, it’s easy to interpret all signals as warning lights. My usual approach is still the same: first look at actual on-chain flows, exchange net inflows, and large holder behaviors, then decide whether to act, and don’t let charts lead the rhythm.