Recently, watching positions is very much like watching the weather: when interest rates are not easing, risk appetite shrinks quickly, on-chain liquidity thins out first, and a small gap on the bridge can easily trap people. To put it simply, it's not about being bullish or bearish, but whether you can endure until "money becomes cheaper."

Lately, the testnet incentives and staking expectations have heated up again, and everyone is guessing whether the mainnet will issue tokens. I will also test, but I generally don't heavily bet on expectations; instead, I split my funds into smaller parts, cross-chain more slowly, and prefer to spend more time confirming deposit and withdrawal processes. Slow is fast, especially when interest rates are high, making a mistake can be really costly.