Just eating a late-night snack while browsing on the chain, I saw someone explaining ETF inflows and outflows using stablecoin supply curves. To put it simply, sometimes the correlation is just a coincidence: an increase in stablecoins might mean waiting for an opportunity, or it might just be parked somewhere else. Whether off-chain funds come in or not depends on sentiment and rhythm; it’s not something that can be clearly illustrated with a single arrow. I now tend to see it more as a thermometer, not a steering wheel. By the way, these days hardware wallets are out of stock everywhere, and phishing links are flying all over. The more “funds are coming,” the easier it is to get excited and click the wrong thing. First, keep control of small matters like signatures and domain names. Anyway, I’d rather go slow than risk a big pit by rushing through a late-night snack.