Recently, I saw a bunch of people linking ETF capital flows and U.S. stock market risk appetite to interpret crypto price movements.

Honestly, this kind of narrative is just for listening; when it comes to your own wallet security, it has little to do with emotions, and you need to do the math clearly.

If your assets are still small and you just want to avoid being phished and wiped out in one go, a hardware wallet is enough.
The key is to store the seed phrase like an "original certificate," avoid taking photos or using cloud storage.
As your funds grow and family members might need to take over, I prefer multi-signature: not because it's cooler, but to eliminate single points of failure, so that whoever gets a key can't just wipe everything out.
Social recovery is suitable for those who don't remember things well and are afraid of losing paper, but I always feel that "finding friends as guardians" is like outsourcing risk control—if you pick the wrong person, it can be very awkward...
Anyway, I personally use multi-signature for large amounts and hardware for daily small amounts, that's how I do it for now.