The past couple of days, the group has been using "the increase in stablecoin supply = imminent price rally" and "ETF net inflows = institutional funds blindly entering" as ironclad rules, basically treating correlation as causation... More stablecoins might just be people moving assets around, market making, or even transferring before redemption; the inflows and outflows of ETFs are more like a mood thermometer, not a steering wheel. Now the funding rates are almost at extreme levels, and everyone is arguing whether to reverse or continue squeezing the bubble. I think it's better not to get carried away: look at the holding structure, on-chain turnover, and whether the money is really coming from outside the market, rather than being led by a few charts. Anyway, I personally prefer to take it slow rather than get caught up in narratives that seem "very reasonable" but might cut into my position.