Recently, some people have been watching on-chain large transfers and fluctuations in exchange hot and cold wallets as "smart money" interpretations. I find it a bit exhausting to watch... To be honest, just because money is moving on the chain doesn't mean it can be withdrawn at any time, especially for RWA types. The on-chain layer looks quite liquid, but when it comes to redemption, you start looking at the terms: T+ days, window periods, who sets the price, whether it can be paused in extreme situations. Liquidity is sometimes just an illusion.

A few days ago, I added alerts and limits to my frequently used wallets (pop-up if transfer exceeds a certain amount, authorization limits for spending), at first it was a bit annoying, I kept thinking "Am I being too timid?" But after two days, I felt more at ease. Watching the busy transfers no longer gets me too worked up. I first checked the redemption rules and permission lists... As long as I can sleep peacefully, whether the returns are stable or not doesn’t matter.