Recently, I've been seeing a lot of people drawing arrows between stablecoin minting and ETF net inflows, saying "money is coming, so prices will rise." I'm not so quick to buy into that... Correlation is correlation, but using it as a reason to open a position is like reading the weather from clouds—sometimes it works, sometimes it screws you over.

In short, whether off-exchange capital has entered the market and how much has entered—what you can see on-chain is that the market cap of stablecoins has risen, but who holds the capital, whether it will move, and when it will move—nobody knows. It might just be sitting in a wallet earning interest, or it might rush into a meme token the next second. Anyway, just because it's minted doesn't mean it has to buy coins.

Airdrop season has become so competitive now, with points systems feeling like KPI assessments. People around me are complaining "I'd rather quit this job" while grinding tasks at 3 a.m.… I can't convince them anymore. I'll just manage my own positions well, and let everything else take its course.