Recently, I've seen a bunch of people use ETF capital flows and U.S. stock market risk appetite to explain the rise and fall of the crypto market. It sounds quite lively, but what I care more about is not earning and then losing it all again due to security failures... In simple terms, as your asset size grows, your wallet solutions really need to upgrade accordingly.

My personal feeling is: for amounts like a few thousand to ten thousand dollars, a hardware wallet with good backups, avoiding clicking on random links, can already block most basic accidents; further up, starting to split funds and using multi-signature setups is much more reassuring. It’s a bit more trouble, but you can sleep well at night. Actually, I’m also quite tempted by social recovery (especially worried about losing my seed phrase), but the prerequisite is trusting those few “friends” — otherwise, the human risk is quite real. Anyway, I currently use small amounts in hot wallets daily, and keep large amounts in multi-signature cold storage. I’ll see how social recovery matures before making a decision.