Someone just posted about stablecoin supply curves + ETF net inflows, and immediately concluded "off-chain money is coming in, so it’s going to take off"… I want to pour a little cold water: correlation does not equal causation. An increase in stablecoins could be due to market making, arbitrage, or borrowing and lending moving funds around, or it could just be newly minted coins that haven't moved yet; ETF activity might also just be structural rebalancing, not new money flowing in. Not to mention recent large on-chain transfers and sudden movements in exchange hot and cold wallets are often interpreted as "smart money coming," but honestly, many times it’s just internal address changes, risk control moving funds around—don’t get too caught up. Anyway, I see these data points as a mood thermometer, not a buy button, especially avoid casually authorizing transactions—that’s how traps happen.