Lately I've been thinking about how macro factors are transmitted to small retail positions like mine... When interest rates rise, everyone's risk appetite visibly shrinks. On-chain, those obscure pools are not the first to see price drops—they're the first to see liquidity: depth thins out, slippage increases, and a small order feels like getting kicked. To be clear, I’m not bearish on projects; I just don’t want to gamble in "waterless" places.

These days, that main public chain is about to upgrade/maintain, and everyone in the group is guessing whether the ecosystem will migrate. I'm more concerned about whether there are abnormal trades or signs of funds moving around before and after the upgrade: the same addresses suddenly withdrawing from pools, cross-chain transfers, switching to stablecoins and lying low... These are much more real than just shouting slogans.

First, cut my several high-risk small positions in half, then set up address monitoring records, and see how it looks tomorrow.