At 2 a.m., I was staring at the screen until my eyes felt sore, and I saw someone saying that "the supply of stablecoins increasing + ETF inflows = the bull market is coming" as an ironclad rule. Honestly, correlation does not equal causation... Sometimes it's just off-chain funds preparing ammunition first, or switching channels and stopping on the chain. If the market really wants to move in, it still depends on whether the sentiment and structure give the opportunity. The same goes for ETFs; inflows and outflows are more like a thermometer, not a igniter. Recently, the incentives for testnets and the expectations for points have been causing a lot of noise. Speculation like "Will the mainnet issue tokens?" is more likely to distort people's mindset. I myself am now less impulsive; when I see the hype, I reduce my position first. Better to miss out than to be carried away by narratives. For now, that's it. Going to brew a stronger cup of tea to relax.