I once again delayed voting on a certain DAO until the last hour, and as I was reviewing my notes, I suddenly thought: macro stuff really does "climb onto your position" along the internet cable. When interest rates are high, there are more people lying outside earning risk-free returns, and everyone's risk appetite is like a faucet being turned tight. No matter how much narrative is discussed on-chain, when it comes to actually spending money, people hesitate even more. Conversely, once expectations loosen a bit, positions shift from "waiting and watching" to "getting in early," even if the logic hasn't changed, emotions can push you along.

Recently, meme and celebrity calls have been flying fast, looking lively, but honestly, it's just attention grabbing for seats. Veteran players advising newcomers not to take the last step really do mean it, especially when macro conditions are tight, liquidity is insufficient, and the final push comes very quickly. Anyway, I now prefer to keep my positions smaller, save some bullets, and only add when I’m sure it’s not just a passing trend. Otherwise, I might get hammered, my blood pressure will spike, and as Sichuan folks say: I can't handle it.