For blockchain gaming pools, I've watched a few, and the signal is actually quite simple — whether the output speed outpaces the rate of new players joining. Once the daily token production exceeds the number of new entrants ready to buy in, the chart shows a beautiful death spiral, no complex models needed.

Recently, screenshots about stablecoin de-pegging have been circulating in the group again, and the people forwarding them sound anxious. But I checked the on-chain reserve data, and it doesn't match the panic sentiment. Maybe I'm too calm, but I always feel that in times like this, backtesting my own stop-loss rules first is more reliable than following the herd. That's all for now.