I muted the group, and the world instantly became quiet... Without that emotional wave of "about to surge / about to collapse," I can instead focus more on how the interest rate line transmits risk appetite layer by layer. To put it simply, when interest rates go up, money becomes more picky; if the market is slightly unstable, trading volume shrinks and prices fluctuate. As someone who plays with perpetuals and options, I’m most afraid of getting itchy hands at this moment. Recently, there’s been talk of a regional tax increase and tightening and loosening of compliance, making deposit and withdrawal expectations immediately very sensitive. Everyone doesn’t say it out loud, but their positions are honest: keep it light if possible. My approach is also simple and straightforward: treat positions as a moat, survive first, and wait until the emotional market finishes its show... Occasionally, I get amused by a pump and take it as entertainment.