I almost copied the margin from one address to another test network address just now... I hesitated and clicked paste, and when I looked at the confirmation page, it didn't seem right, so I stopped, and my heartbeat immediately spiked. To put it simply, at times like this, I realize that my position is actually being driven by "risk appetite": when interest rates are high, I prefer to lie around outside earning risk-free returns, so I subconsciously reduce leverage, preferring to earn less rather than face a drawdown; when interest rates loosen a bit and market sentiment heats up, I start to get itchy, and my position expands accordingly.

Recently, before and after the upgrade/maintenance of that mainstream public chain, everyone in the group has been guessing whether the ecosystem will migrate. My own approach is pretty boring: I don't bet on "whether it migrates or not," I only watch whether liquidity thins out during the upgrade window or if slippage increases. When macro conditions tighten, the market is naturally more risk-averse, and this "technological uncertainty" gets amplified. Don't force your position, especially with derivatives, where the most sinister parameters (liquidation price, funding fee, slippage) stacking together can wear you down completely. For now, I’ll just reorganize the whitelist and address book...