I only wrote down one line for my notes: stablecoin supply has been rising and ETFs have also flowed in, but don’t look at correlation and rush to call a bull market—whether off-exchange capital has actually come onto-chain is anyone’s guess. Recently, I saw people in AI Agent automated trading groups hyping it up with grand claims, and then—turning around—someone complained that the contract was backdoored with a reverse needle; they didn’t even check security audits before rushing in, acting like they’re a prophet oracle.