Just checked on-chain data and saw that the supply of stablecoins being used as "the bull is coming" evidence, I can't help but laugh a little. Honestly, a lot of water doesn't necessarily mean it will flow into your pool; the ETF side is more like a door that's open: some people enter, while others just move their money to a better place to sleep. Correlation can be very deceiving, especially when everyone is tense.

Moreover, recently the testnet's point system expectations have heated up again, and the group is guessing every day whether the mainnet will issue tokens... It looks to me like the most common self-hypnosis during a bear market: first tell the story smoothly, then find data to match the soundtrack. Anyway, I’ll make a note first, so it doesn’t turn into a hindsight "it was supposed to be like this" after the fact.