The biggest feeling I've had while watching the market these days is: when liquidity dries up, focus on surviving first before talking about bottom fishing. You think you're picking up bargains, but you're actually taking the last hit for someone else. That awkward moment when you place an order for half a day and no one responds... To put it simply, if there's no liquidity, don't leverage yourself aggressively, and don't fantasize "I'll just bottom out and rebound quickly."

By the way, over in Layer 2, they're starting to compare TPS, fees, and ecosystem subsidies, and it's getting quite lively, but what I care more about is: where does the subsidy money come from, and who ultimately takes it? The proposal sounds nice, but the distribution table reveals the truth.
I'll first reduce my positions a bit more, and tonight I'll look into the fund flows of a few incentive proposals. That's all for now.