These days, I see a bunch of people talking about "off-market funds coming in/leaving" based on stablecoin supply and ETF inflows/outflows. I admit that the correlation looks pretty satisfying, but don’t just assume causality… Sometimes it’s just funds moving between different shells, or exchanges/on-chain data changing their standards, and the chart just shifts accordingly. Honestly, I prefer to wait for confirmation: observe the subsequent trading structure, depth, and whether lending activity moves together, otherwise it’s easy to be led by a single curve and get caught up in the rhythm. By the way, I also understand retail traders’ recent complaints about MEV and fair ordering; when validators/miners get out of line, the order book feels even more like it’s being manipulated by an “invisible hand.” Anyway, I’m just waiting for a pullback, waiting until I’ve thought things through before acting, and I don’t want to use leverage toys to fight against emotions.