My biggest recent feeling: holding spot is itchy, and getting liquidated on futures is having a big hand… The plain-English version of position management is: first assume you’re the kind of person who can make mistakes, then place your orders. Don’t go all-in on spot—keep a bit of ammo for pullbacks; futures are even simpler: don’t treat leverage as a turbo button. Treat it like a magnifying glass—what it magnifies is your emotional impulses.

The “signals” I really care about on-chain are only a few: suddenly a bunch of old addresses wake up, capital moves from one pool to another in a rush, or even when there’s clearly no news but the trades start behaving weird. Recently, everyone’s been guessing about migration around upgrades to the main public chain, but I’m more afraid that “maintenance = liquidity gets thinner.” At a time like this, opening big positions is basically betting your life on slippage and wick-outs. For now, that’s it—making a little less is better than being taught a lesson.