These days, parallelization/sharding is starting to heat up again, and narrating with multiple people easily gets you hooked. But I still prefer to focus on that "deformation before eruption": whether on-chain leverage has secretly accumulated, and whether liquidity is truly thin. The macro side is also quite subtle, with interest rate cut expectations fluctuating strongly at times and weakly at others, whether the US dollar index and risk assets are moving together or separately, it’s all a bit split in my view... Basically, external winds can amplify emotions inside easily.

What I don’t regret is: before chasing new things, always think through asset safety and exit strategies—whether you can withdraw, and if so, whether you’ll get stuck at the bridge, pool, or time. Asking these questions first makes it more grounded. You can watch the excitement, and taking a slower position isn’t shameful at all.