Actually, everyone understands that an increase in stablecoin supply does not mean "it's about to take off," and net inflows into ETFs do not necessarily mean that off-exchange funds are definitely entering the crypto space. The correlation looks appealing, but causality is really hard to pin down. These days, whenever the market turns green, I want to fold, but I still can't help but check the on-chain stablecoin flows: some are clearly circulating on exchanges, some are going into lending/market making, and the sentiment is simply not on the same wavelength. Instead, Meme coins are being driven by attention shifts when celebrities make a splash, which looks lively. Veteran traders advise newcomers not to chase the last bit, and I think that’s quite reasonable... I’ll just keep an eye on where the funds are "going" rather than "how much they’ve increased," taking it slow.