Recently, some people have been using the supply curve of stablecoins to manipulate ETF inflows and outflows. To be honest, there is some correlation, but don’t rush to see it as causation. Off-exchange funds are sometimes just a step behind, or they stay on exchanges observing, and on the chart it looks like “no activity,” but in reality, they just haven’t moved. The market tends to love looking at itself, shouting that funds are coming in, yet being driven by emotions and running away.

By the way, hardware wallets are out of stock, and phishing links are still prevalent, indicating that many people aren’t lacking money but their mindset and security awareness can’t keep up. Anyway, whenever I see links like “airdrops/subsidies/verification,” I just ignore them for now. That’s all for now.