Lately, I can really feel that interest rates are like a remote control—once you tighten it, everyone talks about “long-term value,” but right away they cut their positions… When risk appetite drops, people like me who love chasing the heat are especially likely to flip from “let’s go one more time” to “forget it, I’ll just try to survive first.” To put it simply: when the macro is cold, even if things heat up on-chain, it gets treated like short-term fireworks—you get in fast and you run fast. And if your win rate isn’t good enough, you’re basically just getting handed losses—straight-up throwing it away.

Also, it’s kind of surreal that hardware wallets can be out of stock too, and phishing links are everywhere. The more you’re emotionally spun up like this, the easier it is to click the wrong thing. Anyway, I’ve only got one principle right now: positions can be impulsive, but don’t let signatures be impulsive… Let’s talk again next time.