I’m actually getting calmer as I watch the market. Put simply, I treat “interest rates” like a master switch: when interest rates rise—or don’t fall as quickly—market risk appetite tightens, so don’t stubbornly hold positions; once things start to loosen and emotions start to pick up, then slowly add, no need to force that one moment. When macro conditions filter down to me, it all boils down to one line: when money is expensive, don’t pretend you’re a long-term value investor…

Recently, there’s been yet another batch of new L1/L2 projects offering incentives to drive up TVL. I genuinely relate to what long-time users complain about: “mine, withdraw/claim, then sell.” Even if the “free money” looks great, in the end it still depends on whether the broader environment is willing to give it a valuation. My habit is that every time I feel impulsive about adding to my position, I first close the trading app and spend 10 minutes checking on-chain data and the market’s interest-rate expectations. Then, when I come back and still want to buy, I buy—many times… I just end up not wanting to anymore. That’s it for now.