Lately, the interest rate thing has been looking more and more like the water temperature of tea: when the water is hot, everyone loves to brew a fragrant high note, risk appetite rises, and positions unconsciously become fuller; when the water cools down, people start to dislike the bitterness and turn to hold cash, waiting for "certainty." I personally prefer a medium-term + grid approach, trying to slow down the rhythm as much as possible, so I don't get carried away by one or two macro comments.

Recently, the testnet incentives and points have been quite exciting too, and the group members are asking every day, "Will the mainnet issue tokens or not"... Honestly, this is also an extension of risk appetite; when the water temperature is high, people dare to bet on expectations. Anyway, what I care more about now is: if the interest rate expectations rise again, do I have room for a pullback in my positions, and should I widen the grid spacing? Better to stabilize first.