In the past, I would get itchy whenever I saw hot spots rotating, and I would rush in to see green candles, my first reaction still blaming "bad luck." Now I usually take a quick look first: is the liquidity too thin, is the routing going through hundreds of pools, are slippage fees being secretly eaten away... To put it simply, attention is the most expensive fuel; the more aggressively you chase, the easier you are to be used as an exit channel by others.

Recently, it has become popular to interpret ETF capital flows, US stock risk appetite, and cryptocurrency market rises and falls together. It sounds quite reasonable, but if you really treat it as a navigation guide, you'll just end up being pulled back and forth. My clumsy approach: when a hot spot appears, wait a bit longer, first make small trades to test the transaction quality, and if you're uncomfortable, withdraw; better to miss out than to pay tuition to the market when emotions are at their peak. Anyway, those who have been cut many times are not stupid; they are just too impatient.