These days, some people are again taking "increase in stablecoin supply = about to take off" and "ETF net inflow = off-chain money is coming in" as ironclad causality, basically just seeing correlation and wanting to press the trade button. I prefer to see it as a mood thermometer: a lot of stablecoins don't necessarily mean an immediate buy-in, many are just lying on exchanges or market makers waiting for opportunities, and ETFs could also be hedging or rotating, don't automatically interpret it as "incremental bull."

Additionally, with narratives like AI Agents and automated trading gaining popularity, on-chain interactions are indeed more lively, but what I care more about is: who is using scripts to make their presence felt, who is being lazy about security, contract permissions, not revoking authorizations, ignoring signature pop-ups… the higher the heat, the more anxious the retail investors become.

What I’ve learned isn’t techniques, but first confirming whether I’m "getting carried away" right now.