The most obvious thing in recent market observations isn't the rise or fall, but liquidity truly thinning out: layered sell orders and slippage easily crush traders' morale. To put it simply, at times like these, don't rush to be the "bottom-fishing hero"; first think about how to survive—reduce your position size, avoid leverage if possible, and double-check bridge and contract permissions. Don't save a few transaction fees only to risk your life.

Seeing new L1/L2 projects offering incentives to boost TVL, I can also understand old users' complaints about "mining, staking, selling." Once the incentives stop, many pools are like they’ve been drained. Honestly, I also envy those who caught that wave, but looking back at the crash analysis, it’s often liquidity exhaustion combined with bridge/permission issues blowing up together… Forget it, first secure the risks, opportunities will come again later.