The most obvious thing in the past couple of days isn’t the market—liquidity feels like it’s been pulled out, order books are absurdly thin, and with just a small push you end up with nothing but bad fills. And the routing path even comes back and loops around you twice… To put it simply, survive first before talking about bottom-fishing. If you really want to bottom-fish, don’t go all-in at once—do it in portions, in small amounts, and withdraw if you can. Don’t wrestle with slippage; slippage has never played fair.

Also, some places are discussing tax hikes / stricter compliance (and some are even loosening things), and my expectations for deposits and withdrawals have become noticeably more conservative. Everyone would rather watch and wait than push in hard, so the pool is naturally even emptier. I’m tired but still here—so for today, I’ll tighten my hand a bit; making fewer mistakes is more important than catching a rebound.