In the past two days, there are even more people shouting “buy the dip,” but I’m actually more afraid of liquidity getting sucked out right then: the order book is thin, and slippage is big. On-chain looks lively, but it’s really the same pot of money going back and forth. Over in macro, they’re also talking about rate cut expectations—whether the US dollar index and risk assets actually rise and fall together… Bottom line: when there’s no new incremental capital, these discussions can’t save your positions.

Should I make a move now?
No—first, cut my position down to where I can sleep at night.

I’m keeping some cash on hand for flexibility for now; don’t touch leverage yet. I’d rather miss the rebound than get wiped out by one sudden wick. Surviving matters more than catching the bottom—after all, there’s always someone waiting under you for it.