These days, as soon as macro data is released, I can feel my hands start to itch: when interest rate expectations change, that little risk appetite in the market is like a switch, first large positions rush in, then suddenly collectively pull back, no matter how lively the on-chain activity is, it gets carried away by this sentiment. When the funding rates for spot/derivatives reach an extreme, the group chat erupts: is it a reversal, or just more bubble squeezing? Honestly, I don’t guess; I just keep my positions smaller, raise my stop-loss levels, so I don’t get pierced by that “macro needle.”

What I fear most isn’t slow movement, but chaos — I can wait through slow, but if it gets chaotic, I tend to get emotional and add positions recklessly, ultimately shooting myself in the foot… Anyway, I’ll stick to discipline first, and talk about survival later.