Recently, I've seen a bunch of people conflate ETF capital flows and U.S. stock market risk appetite into "cryptocurrency will go up or down tomorrow," which is pretty much like using weather forecasts to guide plumbing repairs... Just get a sense of the mood; how you allocate assets still depends on your own capacity.

My rough classification now: small amounts of money go into hardware wallets—peace of mind, losing it is just paying tuition; as the money grows, don't rely on "one seed phrase to conquer the world," multi-signature is more like splitting the keys into several parts—one for yourself, family/friends, or institutions—to prevent slips and also to guard against yourself losing it someday. I think social recovery is more suitable for "decent people, decent circles" type players, but only if you trust those recovery people; otherwise, governance voting isn't as exciting. Anyway, I prefer to make things a bit more troublesome than wake up one day to find that security depends entirely on luck.