Yesterday, I saw a blockchain game pool start "adding output" again, and the group was cheering.

I actually felt a bit anxious.
To put it simply, the pool can only support so much real demand, and if you force more tokens out, the short-term APY looks good, but later it just causes inflation to flatten the price, leading to a lot of selling pressure, and in the end, everyone rushes to sell, leaving only others to pick up the bag.
Even when growing succulents, you know overwatering causes root rot, not to mention this kind of economic model...
Now I’d rather earn a little less and only put out those outputs that can match consumption, preferably with risk isolation.
By the way, I want to complain that just now I saw large on-chain transfers + exchange hot and cold wallet movements being labeled as "smart money," but often it’s just project teams or market makers adjusting their positions.
If you follow along with your imagination, you might end up being the last wave of liquidity.
That’s all for now, take it slow.