In the past two days, some people have been explaining the crypto market’s ups and downs using ETF fund flows and risk appetite in the U.S. stock market. They talk like they really know what they’re doing, but I’m more afraid of that kind of “quiet” risk: contract/DeFi permissions piled up everywhere, with infinite allowances still left active—and you end up forgetting about them yourself. To put it simply, granting unlimited authorization is like leaving your house key on the doorstep. Nothing happens in ordinary times, but when something goes wrong, it can be ugly.

What I’m used to now is this: every time I switch to a new protocol, finish an activity, or use up a certain contract, I immediately revoke the permissions as a matter of habit—like putting the door bar on before bed. If I don’t revoke them, I don’t feel at ease. I treat complexity as an enemy: if I can revoke with one click, I shouldn’t leave it there with “we’ll deal with it later.” As for the market, you can still watch funding rates and open interest to look for turning points, but for permissions, there really isn’t any metric that can give you an early warning. For now, that’s it—don’t wait until one day your wallet suddenly “passively reduces positions” and you only remember then.