Recently, I’ve been paying more attention to the trend in interest rates rather than the market itself. When interest rates tighten, everyone’s risk appetite feels like the oxygen being pulled away, and positions shrink accordingly. Even though I talk about long-termism, my hands still unconsciously shift some funds into cash. To put it simply, when macro conditions cool down, even if on-chain activity heats up, it will also slow down—just with a delayed transmission, leading people to think they can still avoid the downturn.

These days, cross-chain bridges are experiencing issues again, and oracles are giving abnormal quotes. The group immediately shifts into “waiting for confirmation” mode. I’m the same—no action for now, better to miss out than to rush in blindly. After experiencing this many times, I no longer believe that “things going wrong are always someone else’s fault.” Anyway, keep your positions in check and sleep more soundly.