The market has been draining liquidity these days, and I just realized I was too confident with my previous orders... When liquidity dries up, buying and selling feel like sliding on the edge of a black hole, and once the spread jumps out, you can tell who is giving warmth to whom. To put it simply, survive first before talking about bottom fishing; I’d rather earn less than rush in when the depth is as thin as paper, only to end up paying an extra layer of transaction costs after a roundabout route. By the way, over on the L2 side, there’s also a fuss about TPS, fees, and subsidies—arguing is fine, but when you need to sell, whether you can execute smoothly is the real benchmark. Today, I’ll be conservative, place orders slowly, and not rush.