Just in the elevator, my phone popped up a red dot again: some calendar reminder for someone’s unlock date... My first reaction wasn't to guess who might be dumping, but to think about the recent interest rate situation. Honestly, when interest rates are high, everyone prefers to "hold cash and wait," and when risk appetite drops, lazy people like me are even less willing to endure volatility, so the position naturally shrinks a bit, leaving some bullets to see if there’s real capital moving on-chain.

Staking unlocks and token unlocks have been repeatedly mentioned lately, and I’ve also felt anxious about it, but I later realized that emotions are noisier than data. If I really want to watch for selling pressure, I still focus on large transfers and exchange inflows and outflows; if there’s no movement, I just assume nothing’s happening... Anyway, I don’t race with the hot topics, I keep screenshots, and for now, that’s it.