I found that unrealized losses are more unsettling than unrealized gains. When I make a profit, I just think "oh, it's okay," but when I lose, my mind automatically starts writing a script: Did I misread the narrative? Should I cut my losses? Could it get even worse? Even if I haven't sold, I've already mentally lost several times. Basically, it's loss aversion—losing a little feels like being grabbed by the collar, and before bed, I have to flip through the market again to confirm I haven't become even more miserable.

These days, on-chain transactions with large transfers or exchanges' hot and cold wallets being mistaken for "smart money" happen again, and the comment section is all over the place. I get a little nervous too, but I think most of it is just noise. Don't scare yourself into short-term trading.

I eventually set up alerts and limits: only notify me when it hits a certain range, and don't check otherwise. It's quite amazing—unrealized losses are still there, but my heartbeat isn't as rapid. At least I don't have to check every ten minutes whether the world has collapsed. Anyway, I still believe that in a bear market, the safest thing is to do nothing and preserve sleep.