Recently, I saw someone post a screenshot of stablecoin supply curves and ETF net inflows, then immediately start saying "Off-chain money is coming = the market is about to take off"… I find it a bit funny but also a bit alarming. Frankly, correlation does not equal causation; the increase in stablecoins might just mean people are more eager to wait for opportunities, and ETF activity could be due to rebalancing, hedging, or moving funds from other positions. There's no need to assume it's a one-way rocket.

By the way, aren't mainstream public chains supposed to upgrade/maintain? The community is also speculating whether ecosystem projects will collectively move. I'm just watching the show for now: whether they migrate or not depends half on technology, half on people's sentiment and subsidies. People talk about "consensus," but in their hands, it's all about calculating the gains.

Recently, I’ve scaled down my goals: I don’t chase every K-line, only focus on a few indicators I understand plus position discipline. It’s actually easier to stick to, otherwise I get pulled into macro narratives and end up mentally bifurcated… That’s it for now.