Recently looking at charts like stablecoin supply and ETF net inflows, they do seem quite tempting. When the line rises, I immediately imagine "off-exchange money is coming = prices will jump immediately." But honestly, correlation does not equal causation. An increase in stablecoin issuance could just be repositioning, market making reserves, or hedging, and even without entering the market, it can look lively on paper. I now prefer to treat it as a sentiment thermometer: when it's hot, don't chase; when it's cold, slowly pick up. By the way, I want to complain that the on-chain data tool's tagging system has recently been called lagging or misleading. I agree; relying too much on tags can easily lead to fooling oneself into thinking "smart money" is doing something. Tiring as it is, I just follow risk control: don't over-leverage, set stop-losses in advance, and staying alive is more important than guessing right.