Recently, I saw someone directly jump to conclusions just because "stablecoin supply increased" or "ETF net inflows": off-chain funds = about to pump... Frankly, correlation does not equal causation. An increase in stablecoins might just be for arbitrage, market making, or people hiding in "cash" waiting for opportunities; ETF activity could also be turnover, hedging, or even just sentiment indicators—don't jump to conclusions based on the numbers. The inflation + studio + coin price spiral collapse in blockchain games is the same; the data looks lively, but the underlying mechanism hasn't changed and still risks zeroing out. Anyway, I don't dare to add to my position just because the chart looks good now; I want to find where the knife is first.