These days, watching that interest rate line affects my hands more than watching K线… to put it plainly, when U.S. Treasury yields rise, everyone’s risk appetite shrinks along with it, and my positions will instinctively get tightened too—I add less, not so much that I choke on it. Lately, RWA and on-chain yield products are often put side by side for comparison, and I’ll also go check on-chain data to see where the money is really getting shifted: is it rushing in to “eat interest,” or is it just swapping a casing to dodge volatility?

Now I’m more like training myself to build the habit: during interest-rate-sensitive periods, I treat leverage as if it doesn’t exist—first splitting up my positions, keeping a bit of ammunition; if I really feel impulsive and want to add, I write a small script to watch for abnormal inflows and outflows, and as soon as something looks off, I immediately back down and pull out. Over the long term, this might not be a talent thing—it’s more about repeatedly pressing down the “want to rush” button a few times, and slowly it becomes second nature.