Interest rates dropped, so risk assets should rise, but my position keeps getting smaller.

I used to think macro narratives were like sacred decrees, but later I realized that by the time they reach the crypto market, they're all noise—you go long based on the Fed's signals, and the market makers dump at your stop-loss lines. The same goes for NFT royalties. Creators cry poor, platforms play dead; secondary market liquidity was never something royalties could save. It's just a different way to fleece the same group of people.

My approach now: listen to the macro, sure, but only open positions based on where the on-chain liquidation lines are. That's it for now.