My biggest feeling from recent market watching is: when interest rates tighten, everyone talks about long-term, but in practice, they’re all reducing their positions. To put it simply, risk appetite spreads pretty quickly, starting from knockoff projects, then to mainstream ones, and finally to the small schemes like stablecoin interest rates. I stick to my usual approach: first, clearly understand the “why” behind each position, if the macro trend is wrong, reduce the size, better to miss out than to hold on stubbornly, cut losses when needed, and don’t waste energy on emotional battles.

These days, AI Agents and automated trading are heating up again, the narrative is being hyped up, but I care more about: what permissions are they using on-chain to move my wallet, and whether I can revoke authorization with one click if something goes wrong. In a high-interest-rate macro environment, making a security mistake once can cost much more than missing out on a short-term profit… Anyway, I prefer to go slow, just execute with maximum discipline.