Over the past couple of days, I’ve been bombarded by group messages and KOLs so badly that I can barely catch my breath. I clearly didn’t plan to do anything, but as I kept scrolling, I started looking for reasons for, “Should I chase it now?” To put it plainly, the ones who place impulsive buy orders are actually me—not the groups or the KOLs. But they really know how to make all that little bit of your unease gleam, reflecting it all back at you like a mirror ball, bouncing everything right back.

Recently, they’ve been tying together ETF capital flows, U.S. stock risk appetite, and how the crypto market moves up and down for interpretation, right? It all sounds pretty convincing. But when you line up the on-chain capital flows, active addresses, and exchange net inflows, you realize that a lot of these “macro narratives” are just subtitles for emotions. Last night, I almost wanted to exit a few groups and go ahead and uninstall an App. In the end, I still held back and switched to turning off notifications instead… First look at the data, then look at the viewpoints—at least don’t let other people press the buy button for me.