Last night I was educated again: I thought it was just a small order, but the slippage hit me hard. I looked at the depth of the order book, but I was too impatient when placing my order, rushing in with a few big orders, and the price got squeezed away. After the trade, I tried to add another order, but the more I added, the worse it got... Basically, I treated the gear as if it could teleport, but I ended up getting stuck.

In hindsight, slippage isn't just about setting a percentage; you need to consider the depth at that moment and the proportion of your order you're trying to fill; splitting it into two or three parts and waiting a bit can actually be more stable. On the macro side, everyone is talking about rate cut expectations, the US dollar index moving together with risk assets up and down—I find it annoying to listen to, but on-chain it shows liquidity fluctuating wildly. Don’t expect the market to give you a “smooth mode.” I’ll pull back my hands first, look at the parameters a couple more times, and avoid forcing it again.