Lately, watching macro trends is more tiring than watching candlestick charts: when interest rates tighten, risk appetite shrinks like water being pumped out. The positions that are pulled out first are always those with "big stories but weak cash flows." I prefer to be honest with myself—shift my position from "imagination" to "long-term survival," even if it means earning less, at least I won't be caught off guard by a liquidity tide retreat.

By the way, over in Layer 2, people are starting to compare TPS, fees, and subsidies, and it's getting quite lively. But I'm more concerned about whether there are strange large transfers on-chain, new vulnerabilities in bridge contracts, or if authorizations have been quietly renewed... My biggest fear isn't slowness, but chaos: slow can be waited out, but chaos easily causes money to be lost. Anyway, before increasing my position now, I first review authorizations and address profiles. I'm a bit hesitant, but I sleep better.