Lately, I've been watching the market so much that it's a bit exhausting. It feels like once liquidity is pulled out, many "opportunities" are actually traps. Thin order books, large slippage, orders sticking to the wall like wallpaper—when it really crashes, no one will catch it. Honestly, surviving first is more important than anything else.

Now I'm actually more willing to do less: lowering my position size, gradually taking it slow, avoiding leverage if possible—don't fight yourself. I used to always think about "buying the dip to the bottom," but now I just want to avoid being fooled by fake rebounds wave after wave.

The playbook of blockchain games—inflation plus studio-driven yield farming spirals—is actually quite similar: it looks lively at first, but when funds withdraw, it collapses; when prices drop, it accelerates into a crash. Anyway, I don't try to predict, I just record. When the water level truly comes back, I'll see then.