Just now I got the itch to chase again, staring at those few big bullish candles in the order book, and my mind automatically started giving myself BGM… but for now, I’ll stop for two seconds and ask: am I adding to my position because I truly received new information, or am I just being pushed along by emotion? Put simply, the information is “what I know,” and the emotion is “I’m afraid of missing out.”

That recent interpretation—“ETF fund flows + US stock risk appetite = crypto should go up/go down”—has been pretty noisy lately. If you consume too much of it, it’s easy to take other people’s conclusions as your own judgment. If at the time I really was basing my move on volatility suddenly acting wrong (like an ECG suddenly going all over the place), then chasing it could still be explainable; but if I was only scrolling through a few tweets and my heart started racing and then I increased my position, then it’s probably me paying tuition to the market. For now, I’d rather make a bit less today than profit from getting carried away.