These days, the group is again talking about "unlock calendars" and selling pressure anxiety.


As I watch, I actually become a bit more calm: anyway, if it really crashes down, no one can stop it, and worrying in advance only makes you see yourself as liquidity.
I now have a habit: whenever I see something slightly off with stablecoins (widening trading pair spreads, large on-chain transfers back and forth, reserve disclosures starting to dodge questions), I assume a "bank run script" could start at any time, so I reduce my positions, withdraw some liquidity that can be pulled out, and keep some clean cash waiting for clear signals.
To put it simply, transparency isn’t meant to make you feel secure; it’s to let you know whether you might be forced to play the bailout role... I occasionally get involved too, but I really don’t want to be the main joke at the moment of de-pegging.
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