Recently, some people have been drawing conclusions by making a few charts based on stablecoin supply and ETF net inflows, but essentially, correlation does not equal causation. An increase in stablecoins might mean everyone is preparing to enter the market, or it could just be arbitrage, market making, or being tired of on-chain activities and taking a break; as for ETFs, it's more like a channel for off-exchange funds, but not every drop of water flows into the same pool.

What I do more often now is wait: wait until it's confirmed that the funds are really increasing leverage/risk, wait for a pullback, and wait until I’ve thought things through before acting. Social mining and fan tokens, with the idea that "attention is mining," also seem quite lively, but whether attention can solidify into long-term buying interest... I’ll wait and see first, anyway, I’m not chasing that trend.