I once tried putting the stablecoin supply curve, ETF net inflows, and OTC inquiry volumes into one chart and watched it for two weeks. The biggest takeaway was: don’t rush to draw conclusions. Many times, it’s only after emotions and position demands arise that capital finds a path. Seeing prices rise and fall together on the chart might just be the same group of people riding the wave, with correlations that look similar but causality not necessarily there. Anyway, I now prefer to look at real transactions and slippage in the mempool, at least to see if everyone is rushing to get ahead.

By the way, hardware wallets have been out of stock lately… phishing links are everywhere. During times like these, don’t just focus on capital indicators; first, clear out signature pop-ups and authorization prompts. Missing one confirmation is more valuable than guessing the wrong direction of funds.