Lately, watching the mempool is like watching weather radar; today I saw a few large transfers plus transactions moving between exchange hot and cold wallets—just a bunch of people shouting "Smart money is here." I thought it was another whale about to make a move, but after watching for a while, it looked more like internal consolidation or signature swapping, just a move of assets, the market is just creating drama for itself.

By the way, I want to talk about custody: if the assets are small and just for personal use, a hardware wallet is actually enough. Don’t take photos of your seed phrase, don’t store it on cloud drives. Honestly, your biggest enemy is usually “your own slip-up.” Once you reach a certain scale, you start worrying “what if my computer gets infected / my phone gets stolen / I’m no longer around,” then multi-signature setups are safer—at least you won’t lose all your keys at once. But multi-signature is also troublesome; the more signers, the easier it is to get stuck in the process. I’m quite conflicted about social recovery; it seems suitable for “people who want to be worry-free but are afraid that family or friends don’t understand,” but if set up poorly, it can become an entry point for social engineering… Anyway, I currently use small hot wallets for daily spending, and for large amounts, a hardware wallet with multiple signatures—prefer to make it a bit more complicated so I can sleep peacefully at night.