These days, there's been more talk about "going all in on risk assets as soon as rate cut expectations come in," but the US dollar index isn't following the usual pattern; it surprisingly moves up and down together with risk assets... Honestly, I now believe more in emotional transmission rather than textbooks.

The line of interest rates reaching crypto positions is interrupted by a bunch of human hesitations: first, whether funding costs and leverage will loosen or not, then whether everyone dares to bear the drawdown, and finally, it’s up to me, a DAO fringe player, to secretly add or subtract a little during voting breaks.
Last night, I was so annoyed watching the market that I almost wanted to quit and uninstall the trading app, but then I remembered I haven't voted on governance proposals yet, and I still want to complain about the incentive rules... Anyway, I’ll just reduce my position size for now, keep some bullets, and not let macro narratives lead me around by the nose.