Last night I was insomnia again, staring at the screen.

The most unsettling thing wasn't the volatility, but the moment when stablecoins seemed to "almost de-peg but didn't."
Honestly, everyone usually pretends to have full faith in this thing, but once the reserve disclosures become incomprehensible, audits happen every now and then, and strange flows pop up on the chain, the run-on-sky psychology starts to grow: if you run, I run too; if I run too slowly, I become the bagholder.

Recently, whenever news of cross-chain bridge thefts comes out, I automatically cut the phrase "stablecoins = safety" in half in my mind...
And after oracle prices go haywire and everyone collectively "waits for confirmation," it’s quite real—what the market is really doing is waiting for a signal to run together.
Anyway, I’d rather earn a little less now and tighten my risk cap, keep my position smaller, be able to withdraw at any time, and not hold on stubbornly if I can’t sleep.