Recently, we've started discussing narratives like parallel chains and sharding again, and the group is quite lively, but my first reaction now isn't "Where's the next project," but rather: how should I allocate assets on this chain so I don't panic, and can I smoothly withdraw if something really happens. In the past, I would look at throughput and TPS, thinking the faster, the more future-proof; now I care more about whether someone is watching the bridge and cross-chain entry points, whether contract permissions are too casual, whether wallet authorizations inexplicably have a bunch of extra permissions... Anyway, I've learned my lesson from past pitfalls.

The macro discussions about interest rate cut expectations, the dollar index, and risk assets rising and falling together are also quite mysterious. When sentiment heats up, people are more willing to take risks, but the more these times happen, the more I need to clarify my exit strategy: where to enter, where to exit, and what to do if I can't get out. No matter how new the narrative is, it ultimately comes down to "can I safely cash out," so let's start with that.