Lately, the more I look at the macro, the more it feels like watching the weather forecast: when interest rates rise, money first goes into hiding, and risk appetite seems to be drained away, my positions also become more "slow."

To put it simply, it's not that I suddenly don't love it anymore, but that I’ve changed my approach from "impulsive" to "gradual, waiting for it to come on its own."

In the group these days, there's been a lot of talk about stablecoin regulation, reserve audits, and various rumors of "de-pegging," with emotional transmission even faster than on-chain... I also feel uneasy, but in the end, I return to probability: how likely is a real crisis? Can I withstand the worst-case scenario? If I can withstand it, I take small steps; if I can't, I reduce a bit and keep a position I can sleep peacefully with.
Anyway, the market doesn't talk about fate; it’s about where you place your risk.