Someone asked me, recently the supply of stablecoins has increased again, does that mean ETF off-market funds are coming in and the market is about to take off?

I'm actually quite afraid of this kind of "seeing A move and saying B must cause it" statement...
More stablecoins could mean new money, or it could just be everyone moving positions from elsewhere onto the chain for opportunities, or even just moving back and forth within exchanges.
It's the same with ETFs; redemption and secondary market sentiment often don't sync up, so don't take correlation as causation.

Recently, there's also been talk about rate cut expectations, the dollar index, and risk assets starting to rise and fall together again.
Honestly, macro factors are often just emotional resonance, not a linear formula.
I prefer to see these as "market signals," but in trading, it's still about risk management:
Avoid chasing too much, keep some bullets, don't get carried away by narratives—just stick to that for now.