I just saw a discussion saying social mining is a false proposition, and honestly, I somewhat agree. The whole fan token model—when you’re trying to attract new users, everyone shouts it down, but once the bear market comes and liquidity gets drained, who cares about “attention equals mining”? In plain terms, it’s just emotional premium.

Recently, macro interest-rate expectations have eased a bit again, but don’t get carried away. I’ve noticed a habit of mine: whenever expectations of a rate cut start heating up, I first short my current positions for half an hour—then I cross chains, check the liquidity pools on the bridges, fiddle around for a bit, and come back to stay calm. Risk appetite, they say, is transmitted slowly—but really it gets detonated in an instant. By the time you react, the bridge might already be down.

Anyway, I’ve quit the habit of “adding to my position at the first sign of any wind and grass movement.” First, I confirm whether on-chain liquidity is still there, then we can talk about anything else.