Lately I've been thinking about interest rates again, and it's really not "macro stuff far from me." When interest rates go up, money becomes more picky, as if someone's turned a valve on risk appetite: those who used to confidently chase narratives with full positions now start asking, "Can this position withstand a pullback?"

My most obvious reaction is that my hands tighten, preferring to earn less rather than be the last to hold the bag.

The kind of structure in blockchain games—inflation plus studios pumping out content like crazy—actually just amplifies the "decrease in risk appetite": when the coin price softens, outputs have to be sold more, and if this spiral continues, no one looks good.
In plain terms, when macro headwinds blow cold, the first to break are often those bubbles sustained by emotion...
For now, let's keep it simple and cut back a bit; protecting life is the priority.