Recently, I keep seeing a bunch of people tightly connect ETF fund flows, the risk appetite in the U.S. stock market, and crypto price swings in their interpretation. Honestly, I’ll take a second look too, but the emotional value is greater than the conclusion… Anyway, on-chain problems will still be blocked as they should be, and fee rates will still drift as they should drift—regardless of what outside narratives say.

If a beginner wants to judge a project’s “credibility,” I think it’s better not to focus on the promo images first. You don’t have to know how to code to read GitHub: check whether updates are continuous, whether it’s just one person enjoying themselves, whether key changes are broken down into small PRs, and whether there are traces of tests/rollbacks. Also, don’t just look at “passed” in audit reports—more importantly, see whether there are any high-risk issues in the problem list, whether fixes are clearly stated, and whether the auditors are among the usual well-known firms (at least verify their past records). Upgrading multi-signature wallets is even more realistic: who the signers are, what the threshold is, and whether there’s a timelock/delay. The more transparent it is, the more reassuring it feels.

Personally, I trust data more, because intuition is especially prone to self-hypnosis when the market is hot… Take it slow and observe—don’t rush to conclusions.