The interest rate hasn’t moved, but it feels like the market’s risk appetite is being held up by a thin thread—just a little blow and everything sways. Anyway, my long-term, obscure coins in the portfolio—when the broader market slightly shudders, they shake along too. It’s pretty helpless. Honestly, when I do my own bookkeeping, I can’t help but think about how macro capital flows gradually seep in, but then I feel it’s pointless to overthink. For now, I’ll just go with it.

Recently I saw an upgrade being pushed by a certain blockchain, and everyone started speculating whether ecosystem projects might take the opportunity to move elsewhere. I feel the opposite—I think we shouldn’t move too quickly. What I’m most afraid of isn’t slowness, it’s chaos—when there are too many messages, your actions can deform more easily than making money, and it’s even easier to do something wrong. In any case, I’ll stick with my old approach: interact where I need to, calculate the cost of sybil attacks properly, and if I occasionally miss a hot trend, I’ll treat it as tuition and just aim for peace of mind.