Recently, I saw everyone interpreting ETF capital flows, U.S. stock market risk appetite, and cryptocurrency fluctuations as if they were all tightly linked... I’ll just hold back for now and not get carried away by emotions. Don’t be afraid of the terminology either; I’ll focus on one main line regarding data availability, ordering, and finality: whether this money I have is truly "in hand." Data availability is like whether the invoice has been kept, ordering is whether the queue can be jumped, and finality is whether I can change my mind after the queue is finished. To put it simply, the more congested the chain, the more anxious I get—not because I might miss out, but because I might spend more gas and wait forever with no final result. As for trading psychology, I now treat it as a “practice”: when I see the excitement, I first ask myself, what’s the cost, how long do I have to wait, and can I accept the worst-case scenario… Just start with that.