After reading a bunch of macro analysis posts, the discussion keeps tying interest-rate expectations and risk appetite together, back and forth. The conclusion is basically that if US stocks fall, crypto has to catch its breath too. Recently, ETF fund flows have been treated as a sentiment indicator—every inflow and outflow gets blown up into interpretation, and it feels like everyone watches this more diligently than they watch on-chain addresses. Honestly, I’m a bit too lazy to guess whether tomorrow will be risk-on or risk-off. In any case, my positions are already spread out. If I can keep only one habit, it’s taking a quick look before bed at the modular protocol’s data availability layer progress—other than that, we’ll leave it like this for now. Light comes in through the slats like through a window grid, and each color’s refraction feels like it’s trying to guess the next market turning point; I don’t know whether I should hold tight or move a bit. Oh well.