Recently, I've seen a bunch of people equate “stablecoin supply has increased / ETF inflows” directly with “off-chain money is coming in to pump the market,” and I just want to roll my eyes… Correlation ≠ causation. An increase in stablecoins could be due to exchanges preparing liquidity, or it could just be a shell being held on-chain; as for ETFs, even more so, capital inflows and outflows are tied to the risk appetite of the US stock market, and public opinion starts to interpret it rigidly, forcing all crypto price movements into one story.

Honestly, don’t get carried away by the narrative. If you really want to “follow the money,” first check if the money is yours: don’t click random links, don’t authorize permissions carelessly, don’t screenshot your private keys or seed phrases. Market conditions can change overnight, but losing your keys is a permanent wipe; anyway, I’d rather miss out than get phished and educated once.