Recently, I saw a bunch of people using "stablecoin supply has increased" and "ETF net inflows" to infer "the next move should be up," basically turning correlation into causation. Money coming in off-chain doesn't immediately translate to buying the coin you're watching; more often, it just stays in stablecoins for observation or moves around off-chain, and in the end, only transaction fees and slippage remain on-chain.

By the way, before the main public chain upgrade/maintenance, everyone is guessing whether the ecosystem will migrate en masse... I think whether it migrates or not depends first on whether the bridge and CEX channels are smooth, and who is secretly raising fees during downtime. Don't treat "narrative" as logistics.

Lowering my expectations made me feel more relaxed: I don't rely on a single indicator for answers, do less mental speculation, and focus more on how funds are actually moving, so it's less likely to be fueled by emotional hype.