My biggest realization lately is this: not being able to hold spot isn’t because you don’t believe in it—it's because your position was already sized too heavily from the start. Getting liquidated repeatedly on futures isn’t because the market is targeting you—it’s because you treat “being able to ride out volatility” as “being able to bet on the direction.” A plain-English version of position management: first stay alive through the worst case; only then talk about whether you make money or not. Treat spot like saving money—if it drops, you won’t end up staring at the charts every day thinking about cutting. Treat futures like an emotional outlet—if you lose, it should be only the small amount you can afford to say, “I’ll take the loss.” Recently, around the upgrade of that mainstream public chain, everyone’s been guessing whether the project will migrate or not. As for me, I’ll first look to see whether on-chain inflows and outflows and exchange activity move together… if there isn’t consistency, I won’t force it. I’ll do it like this for now.

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