Recently, liquidity has dried up, and that feeling of "instant deformation" on DEXs has returned: slippage maxed out, routing fails even after circling around three times, and in the end, you still have to pay some fees as tuition. To put it simply, during times like these, don’t rush to buy the dip; first think about how to survive—keep your positions smaller, split your orders, avoid using market orders to force through, and wait if you can for liquidity to return.

Some people are watching large on-chain transfers and hot/cold wallets of exchanges, shouting "smart money is coming" whenever they move. I find that pretty anxious… but often it’s just moving or consolidating assets. If you rush in after them, the first to get eaten will be your tiny depth. Forget it, to put it plainly: don’t dive in recklessly when the water’s shallow; don’t let yourself get wiped out on a single order.