These days, I see people saying that just because stablecoin supply increases or ETF subscriptions move, it means "off-market funds are coming in = a bull run is imminent," and I really can't keep my composure. The thing about correlation is, honestly, it's just a shadow; if you insist on treating it as a causal chain, it's like seeing more umbrellas and saying it must rain... An increase in stablecoin issuance could just be accounting adjustments or market-making stockpiles, and ETF activity might be hedging or structural adjustments—don't always jump to "new money is taking over." Moreover, on-chain data tools and tagging systems are still often criticized for being laggy or even misleading. If you're holding a bunch of "smart money tags" as gospel, I can only advise caution. I see myself more as someone who drafts the terms in proposals, rather than someone who automatically fills in the plot when looking at charts. That's it for now; after all, the market is best at teaching confident people a lesson.