To be honest, recently some people have been forcing the market trend using the stablecoin supply line, making it look like a one-plus-one must rise... I find it quite awkward.

The increase in stablecoins might just be everyone withdrawing from exchanges or exchanging off-chain to prepare ammunition, not necessarily rushing into spot/ETFs immediately.
ETFs are more like an "entry point," where money comes in slowly and also goes out slowly; who knows if it loops around a few times.
To be clear, there is correlation, but don’t treat it as causation.
By the way, I want to complain about the on-chain MEV and fair ordering being criticized again.
I see that miners/validators’ income has increased, but retail investors’ experience has actually worsened...
Anyway, I’m still the same as always, watching the funding rates and large transfers.
If I’m wrong, I’ll admit it.
I also prefer to keep a smaller position for now.