These days, I've been paying attention to interest rates again, to be honest, it's just an emotional switch: when interest rates go up, people prefer to hold cash, risk appetite shrinks, and my positions follow suit, with margin also conveniently lowered to a lower level, even if it means earning less. When interest rates go down or expectations turn dovish, the market becomes bolder, and volatility can suddenly spike. At such times, you can't be complacent; stop-losses need to be tighter.

Some people interpret large on-chain transfers and unusual movements in exchange hot and cold wallets as "smart money" signals... I now see these only as noise alerts: volatility might be coming, but that doesn't indicate the direction. My risk control is like patching up a system—small repairs: reduce leverage a bit, cut positions smaller, set trigger lines closer. First, turn off the liquidation alarm bells.