Lately, I've been paying more attention to the market's reaction to interest rates... When interest rates go up, risk appetite seems to be pulled by the collar, and everyone prefers holding cash/stablecoins and other opportunities. Those "look good" pools on the chain suddenly don't seem as attractive anymore. To put it simply, it's not that the projects are getting worse, but that the capital's patience is running out. My own positions are more diversified: half in safer assets earning interest/fees, and the other half taking risks, otherwise I can't keep my mindset steady.

In the group chat these days, people are again sharing screenshots about stablecoin regulation, reserve audits, and various "de-pegging" warnings... Emotions spread faster than information. My approach is pretty simple: diversify among several stablecoins and keep some away from exchanges. If something really goes wrong, at least I won't be in the same boat. That's about all I can control; I won't talk about the rest for now. Just don't impulsively leverage and you'll be fine.