Recently I realized I've been "waiting": waiting for the US bond yield expectations to materialize, waiting for the market to boost risk appetite, and also waiting for myself to figure out whether I want to profit from volatility or just sleep well at night. To put it simply, when interest rates are high, money becomes more selective, and even if the on-chain activity is lively, it's easy to get a foot stomped on and halted, so I prefer to keep my positions short and light, rather than risking a liquidity shock that could leave me dazed.

Along the way, I saw that the main public chain is about to upgrade/maintain, and the community is guessing whether the ecosystem will move elsewhere... I actually care more about the confirmation time before and after the upgrade, the slippage during matching, and whether MEV will become more aggressive. Whether to migrate or not is a later story; it's better not to rush in during the loudest moments. Wait for confirmation, wait for a pullback, wait for myself to calm down—anyway, that's how I’m doing it for now.