Lately, I keep seeing people equate "an increase in stablecoin supply = a big bull run" and "ETF net inflow = about to take off" as if they are directly connected, but honestly, there's correlation, not necessarily causation. Money outside the market might first stay in stablecoins to observe, or it could just be moving, hedging, switching channels, or even inventory adjustments on the market-making side. Anyway, not every dollar is rushing to buy in.

I’m also no longer trying to explain every short-term fluctuation; accepting randomness... taking it slow is pretty good, at least it’s less likely to be driven by emotions. And with narratives like modularization and the DA layer, developers are having lively discussions, while ordinary users are often confused—that’s normal. In the end, what really matters is whether it’s worth using or not. For now, let’s keep a laid-back attitude and watch the long-term development.