Lately, macro interest rates have been twisting back and forth over there, and market sentiment really does translate directly into traders’ positions in the crypto space. When interest rates are high, frankly, everyone is more willing to just lie back and take the certain returns, and the on-chain temptation of these “make a little more profit” incentives isn’t as enticing. I personally would shrink my leverage and long-tail positions first; I’d rather miss out on a segment of gains.

Especially recently, cross-chain bridges have been getting into trouble again, and there have also been ridiculous moments like oracle reporting errors— in the group chat, a bunch of people have been spamming “waiting for confirmation.” I actually can empathize quite a bit… Once risk appetite drops, my first reaction is to stay alive first: slow down by three seconds, and make fewer moves. Next time, if macro conditions continue to stay tight, I might directly push cross-chain demand down to the bare minimum, keeping only what’s necessary. How will everyone strike a balance between “wanting to participate” and “fearing to fall into the water”?