Recently, I've been looking at data like stablecoin supply and ETF inflows, which can indeed serve as a "thermometer," but honestly, just seeing supply increase or ETF buying makes you jump to the conclusion that "off-exchange funds are about to go all in." Many times, it's just a change of channels, a change of vehicles, or institutions doing hedging or settlement; the correlation exists, but causality isn't necessarily there.

In the group these days, people are again discussing stablecoin regulation, reserve audits, and screenshots claiming "de-pegging," which makes everyone nervous... I get anxious too, but I think the most impulsive times are when emotions are at their peak. Anyway, right now I’m just watching on-chain distribution and large transactions in and out, keeping my position lighter. I’d rather miss a little than be the one panicking and pressing buttons randomly. That’s all for now.