Tonight I looked at the data again and saw people treating "an increase in stablecoin supply = a big bull" and "ETF approval = on-chain skyrocketing" as ironclad rules. Honestly, correlation does not equal causation... More stablecoins might mean money coming in from off-chain, or it could just be everyone switching to stablecoins to avoid volatility and wait for opportunities, or even projects moving assets on-chain for "show." The same goes for ETFs; more buying from traditional accounts follows their usual rhythm and doesn't necessarily flow immediately into DeFi to give us liquidity. Anyway, I stick to my old habit with small funds: first look at whether on-chain real usage, transaction fees, and lending demand are warming up, then decide whether to start planting, or else I might get caught up in attention shifts. Recently, meme and celebrity calls are hot again, and that old player’s advice "don't take the last baton" is really not to scare people—I’ve also fallen into that trap... For now, just wait patiently for good seedlings.