Recently, everyone has been using the supply curve of stablecoins to play the ETF inflows and outflows, to be honest, the correlation looks pretty good, but that doesn't necessarily mean the causal chain is connected.

As stablecoins increase, it could be that someone is stockpiling ammunition, or it could just be market making, cross-exchange arbitrage, or on-chain lending cycles going around;
The money on the ETF side seems more like it’s slowly flowing in from the OTC market, with different paths and rhythms—don’t force the storyline of “this side rises = that side must rise tomorrow.”

Then the community is also arguing about whether privacy coins and coin mixing are considered original sins; the boundaries of compliance get torn apart once they’re pulled.
I’m stuck in the middle, acting like a mediator in governance: on one hand, I dislike strict regulation, and on the other hand, I’m afraid of being accidentally harmed someday.
Anyway, I now believe more in “clearly explaining the risks first, then reviewing over drinks”—don’t tell a story that sounds too good, or you’ll end up paying the bill yourself.