Honestly, interest rates have a pretty big impact on how I set up my positions. When market risk appetite tightens, the first thing that runs are the assets with poor liquidity. It drags liquidity away too—depth gets pulled as well, and slippage becomes visibly worse. Anyway, I’m tightening my orders to narrower ranges for now; I’d rather make a little less than risk getting “scooped” with a sudden needle-like spike.

Recently, I’ve been seeing a few testnets rolling out incentives. People have racked up a ton of points, and everyone’s guessing whether there will be an airdrop when the mainnet goes live. To be real, I’m really wary of this kind of narrative. Once the hype starts, short-term capital rushes in, and execution quality is often the first to break down. It’s better to focus on depth first, and only consider it after real liquidity actually shows up.