These days, I've been going through my failed trade records again, and I suddenly think macro stuff is pretty similar to weather forecasting: when interest rates go up, people are more willing to just sit back and earn interest, and everyone's risk appetite naturally drops. Even if the on-chain activity is lively, it’s easy to be overshadowed by a “wait and see” attitude. To put it simply, it’s not about whether you believe in the project or not, but about shrinking your position first and waiting for the market trend to stabilize.

Recently, the calendar for staking unlocks and token unlocks has been repeatedly mentioned. I also get a bit nervous about selling pressure, but I’ve learned my lesson: don’t go all-in on emotional turning points. If you can, split your positions gradually, keep some bullets in hand, so that when you do make a move, you won’t be left with only dust to pick up… We’ll talk more next time.