These days, someone is again watching the small fluctuations in interest rates, saying "Risk appetite is back," and I just want to laugh but also feel a bit uneasy. Basically, macroeconomics is: when money is expensive, everyone talks passionately but their hands tighten; when money is less expensive, positions tend to secretly grow, like dark circles from staying up late.

Then, whenever there's a large transfer on the blockchain or a move in exchange hot and cold wallets, the comment section immediately starts writing poetry: smart money is bottom-fishing / or fleeing. But when I review myself, many times it's just being pushed to add to positions because "someone else moved first," only to find out they might have just changed addresses, done custodial transfers, or even just slipped up during operations... I, too, am quite clumsy.

Now I’ve set a simple rule for myself: when macro is tight, treat impulsiveness as interest and deduct it; don’t hold positions stubbornly. When I see "smart money" moving, wait a night first, and if I still want to chase the next day, then consider it. Forget it, I won’t talk anymore; after all, taking profits can really save your life.