These days, the group is again talking about the "stablecoin supply increase = bull run" theory... Honestly, an increase in supply might just mean someone moved money in waiting for an opportunity, or it could be due to increased off-chain settlement demand, or even the project team just loves to issue tokens; ETF net inflows are the same, inflow ≠ immediate buying, and certainly not you and I eating the gains right away. The more you look at correlations, the easier it is to fool yourself into getting hyped.

And then there's the modularization/DA layer narrative, where developers are excitedly hyped up, while ordinary users are like: Huh? I just want to transfer funds without waiting half an hour. Anyway, whenever I see "data looks good," I first ask: where is the money coming from, where is it going, who is profiting from the spread?

First, revoke a few old authorizations in your wallet to avoid accidents if gossip turns into an incident.