These days, I saw someone comparing the curve of stablecoin supply to ETF net inflows, saying "Money is coming in, so it must go up," and I just find it a bit sweat-inducing... Correlation can be so deceptive; sometimes off-chain funds are just switching channels or waiting to buy the dip/withdraw, not necessarily causing the chain of events that support the price.



Recently, I also looked at a bunch of address relationship graphs, which seemed to suggest "big players are entering," but after tracking, I found it was the same group of people moving their positions around, doing market making / wash trading, just exciting myself for nothing. To put it simply, if I don’t understand it, I just don’t act—this actually saved me once—at the time, the testnet incentives were flying high, and everyone in the group was guessing "Will the mainnet issue tokens," I almost jumped in to do tasks, but then I thought, I haven't even read the rules clearly, so forget it... continuing to stay low-profile, meow.
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