These past two days I’ve been fixated on the macro. The moment interest rates shift, the wind changes—and so do I. Put plainly, it’s not that I’m smart; it’s that when the market’s risk appetite contracts, my positions get dragged backward like someone is grabbing me by the collar. The instant I think, “It’s probably time to hold steady,” the very next second it teaches me a lesson. So now it feels more like doing exercises: practicing not to move around, practicing not to treat every candlestick as fate.

In the group, stablecoin regulation, reserve audit rumors, and stablecoin de-pegging (peg-loss) rumors have started looping and being reposted again. It makes people’s hearts go cold and their hands itch to act. But when I calm down and think it through, it’s emotions that come with the priciest fee. I only have one rule: positions I can sleep with are the ones I hold; otherwise, I’d rather be lighter. That’s it for now.