I find myself particularly sensitive to "floating losses." When I have paper gains, at most I feel a bit better and can still sleep; once it turns red, even if it's just on paper, my mind automatically starts filling in the worst-case scenarios: Will I lose more? Will liquidity be drained? Basically, losing magnifies the risk right in my face.

Recently, I've been watching Layer 2 projects compare TPS, fees, and ecosystem subsidies, and it's been quite noisy. Instead, I feel more anxious: the more they talk about "faster and cheaper," the more I want to know where the cost is. What happens when subsidies stop? Will the bridges have issues? Maybe this is loss aversion—gains feel like fog, losses feel like nails.

My current trick is: before sleeping, I don't look at my holdings, only review my risk checklist, at least putting the word "cost" back on the table so it doesn't come knocking in the middle of the night.