These days, the group is again talking about stablecoin regulation, reserve audits, and various "de-pegging" charts, making it seem like the end of the world is imminent... I remain quite calm. Frankly, the supply of stablecoins, ETF inflows and outflows, and off-exchange funds are indeed interconnected, but don’t jump to assume causality just because they move in the same direction; the market is best at playing out "coincidences."

My calmness mainly comes from a habit: I never click to follow or share any reposts immediately. I first check the on-chain liquidity and exchange depth, to see if there's real draining or sudden thinning. If I don’t understand it, I leave it alone—anyway, missing out is fine. I save some bullets for opportunities I can understand, like oversold rebounds. If I make a profit, I go have a coffee. That’s how I do it for now.