Recently, I was "educated" again by the attention economy: when a hot topic switches, the timeline seems to be reshuffled, and the narratives that were being hyped yesterday are no longer mentioned today. To avoid being repeatedly cut off, I now focus on whether the data is keeping up—whether TVL is genuinely increasing, whether net inflows are continuous, and not just a hype built up by retweets.

On-chain, I only watch a few simple indicators: for example, if a certain pool suddenly has several transactions of 50-80 ETH within an hour, and the gas fees are deliberately raised, I basically see that as "someone is orchestrating a show for you," and I prefer to miss out rather than chase it. I also look at liquidation levels; when leverage is high, the more intense the hype, the more I want to stay away.

Recently, the debate over compliance boundaries for privacy coins/mixing coins has become heated, and it’s quite similar: the more intense the discussion, the easier it is to get caught up, but when it comes to capital behavior, many people are just riding the emotional wave. Anyway, my current approach is to slow down, wait until the hype subsides and I can still stand firm, then consider participating. That’s it for now.