Recently, I saw someone again using the supply curve of stablecoins along with ETF inflow and outflow screenshots, concluding that "money is coming in = it's about to take off." Stop joking around, correlation does not equal causation... An increase in stablecoins might just mean people are waiting on the sidelines for opportunities, or it could be inventory from market making, lending, or arbitrage activities, which may not be directly related to the small amount of spot holdings you have. The same goes for ETFs; the subscription and redemption mechanism is quite complicated. Honestly, sometimes it looks like "capital inflow," but it's really just structural adjustments—don't fool yourself into thinking it's a full-scale rush. By the way, NFT folks are arguing about royalties again; creators want income, secondary markets need liquidity, everyone feels aggrieved, but the most stable thing is still just talk. Anyway, before I get into the market, I always plan my exit route first, keep my position small, and set tight stop-losses. I'm not regretful about the outcome; I regret treating a few charts as ironclad evidence and then forgetting to leave myself an escape route.

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