Recently, watching the interest rate trend is more reassuring than watching candlestick charts... When interest rates are high, money becomes more picky, and risk appetite seems to tighten. My positions also unconsciously lighten: I prefer to hold more stablecoins and wait patiently for the sentiment to ease before re-entering. Conversely, when expectations of rate cuts start to build, everyone becomes bolder, and the narratives and community enthusiasm around NFTs are more easily amplified. But I still don’t dare to chase the hype. Recently, there’s been a lot of noise about staking/sharing security, earning compound yields sounds very attractive, but when it comes to the point of “layering,” I start to feel uneasy... Frankly, when the macro environment tightens, the first to be squeezed are these complex, layered confidence. I’d rather earn less than risk losing sleep.