Recently, I've seen everyone interpret ETF capital flows, U.S. stock market sentiment, and cryptocurrency market fluctuations all together, but I’m not too excited.

When it comes to interest rates, there are basically two things that affect me:
If risk-free returns become higher, I’m willing to reduce leverage a bit;
If risk appetite increases, I’ll only keep a higher collateral ratio to prevent liquidation lines from getting too close.
Once the lending spread starts to tighten, don’t force the position—better to earn a little less and sleep peacefully.
As for whether I trust data more or intuition?
I prefer data because intuition tends to deceive me into adding positions when the market is moving fast.