These days, some people are again jumping to conclusions like "Stablecoin supply increases = market manipulation" or "ETF inflows = prices must go up" just by drawing a line... Honestly, the correlation is quite easy to see, but causality is the hardest. An increase in stablecoins might be for reserves, or it could just be people arbitraging, market making, swapping chains, or even risk control temporarily stopping leverage, not as passionate as you think.

When the group chats spread rumors about regulation, reserve audits, or de-pegging, the sentiment fluctuates accordingly. I actually prefer to first look at "who's in a rush." My habit is: assume the worst-case scenario—can we survive? If we can, then talk about opportunities; I treat ETF and off-exchange funds as weather indicators, not as life-saving straw. Long-term, I rely not on talent but on gradually unwinding the leverage little by little every time the volatility hits.