These days, I’ve seen a bunch of charts linking stablecoin supply, ETF capital flows, and then casually adding "offshore funds are coming," quickly explaining the price movements... Frankly, the correlations look quite smooth, but that doesn’t necessarily mean causation. An increase in stablecoins might just mean people are loading their magazines but not pulling the trigger; ETF inflows could be due to rebalancing or hedging on their end, not necessarily "the entire market is about to take off." Especially lately, the public discourse often bundles US stock risk appetite with crypto, which sounds appealing, but it usually just leads to emotional surges first, with new entrants learning the ropes afterward. Anyway, I’ll keep an eye on a few on-chain entry points and not get caught too deep in the narrative whirlpool... For now, I’ll check the net inflow of stablecoins and exchange inflow over the past week.