These days, I've seen many people use the supply curve of stablecoins to force-fit ETF capital flows, saying "supply goes up = ETF enters = bull market is coming"… I really can't stand it anymore. Correlation is such a deceiver; money flowing in the OTC market could be buying coins, arbitrage, market making, hedging, or even just exchanges replenishing inventory, and no one can say for sure how much ends up in the spot market.

I personally wouldn't dare to take this "seems very promising" causal chain as my confidence, and leveraging even less so. Every day, I just honestly focus on health metrics, volatility, collateral correlation, preferring to earn less than get liquidated by a sudden retracement hitting the liquidation line.

By the way, the AI agent and automated trading narratives are also quite popular lately, hyped up to the skies, but if I really had to give my private keys/authorization to scripts for on-chain interactions… I’d be a bit scared, I don’t want to gamble on security. How about you?