Recently, I saw someone again take the increase in stablecoin supply as solid evidence that "off-chain funds are coming in," and then add a news story about ETFs, causing the market sentiment to spike... Frankly, correlation ≠ causation. The increase in stablecoins might be for reserve purposes, for rebalancing trades, or just internal platform transfers; there's a huge distance between that and "immediate market rally."

I've learned my lesson now: first, see if I can handle the Gas fees and transaction costs, then decide whether to join the hype. Moreover, the income for miners/validators, MEV, and fairness in transaction ordering have been heavily criticized these days. The on-chain rules are still being debated, so how can I treat a single data point as a signal... Anyway, I’ll keep a mental note—avoiding mistakes is the real win.