These days, I've come across a bunch of interpretations that tightly link ETF fund flows, US stock market risk appetite, and crypto market rises and falls. The more I read, the more I want to hit "pause."

Emotions are like the weather; when clouds roll in, everyone rushes to find an umbrella. Actually, sometimes it's just ourselves amplifying the sound of the rain.

I'm also watching RWA on the blockchain, but I'm most afraid of that kind of "seems very deep liquidity"—busy order books, sizable pools, but when redemption clauses are triggered, you find signs at the door saying: queuing, limits, delays, and even having to consider the counterparty’s mood...
In plain terms, the blockchain is just a shell; inside, it's still the old world’s set of time and credit.

My current approach is pretty simple: whenever I see hype, I stop scrolling first, then check how the redemption process is written, who makes the promises, and whether you can get your money back in the worst case.
If I feel uncomfortable after reading, I stop. Better to miss out than to be buried once again by the illusion of "can exit at any time."