Recently, looking at RWA on the chain, it increasingly seems like practicing the "waiting" character: waiting for confirmation, waiting for a pullback, and also waiting for oneself to think through the redemption terms clearly. The liquidity on the chain is often an illusion; just because it appears tradable doesn't mean you can truly exit when needed, especially with small print like redemption windows, queuing, and pauses. No one pays attention to these in normal times, but when something really happens, you're stuck in those few lines.

There are also people watching large transfers, and whenever exchanges' hot and cold wallets move, they shout "smart money is coming," to put it plainly, the chain only tells you that money is moving, not whether it's rebalancing, risk control, or dispersing addresses. RWA is even more so; lively trading and redeemable redemption are not the same thing... I'll wait patiently first, don't rush to equate "tradeable" with "exitable."