These days I've been looking at interest rate news again... To put it simply, when interest rates are high, people prefer to just sit back and earn interest, and the risk appetite on the chain for "going all in first" will shrink, so positions naturally need to be more cautious. I now divide it into two parts: one as working capital, to avoid being forced to sell; the other is for experimenting with airdrops/DeFi, but only if gas fees don't scare me away. The group discussions about stablecoin regulation, reserve audits, and the "de-pegging" charts are starting to turn again. I usually look at the source first, then check if there's outflow on the chain; without evidence, I treat it as emotional noise... Anyway, emotions are the most expensive, transaction fees are second. That's it for now—surviving and waiting for opportunities is half the win.