These past couple of days, liquidity has dried up. The order book looks as fragile as paper, and I really don’t dare to “bottom fish.” The community is also arguing about whether those extreme funding rates are going to reverse or whether the bubble will keep getting squeezed. To be honest, I don’t know the direction either—but I know that once I get impulsive, I’m prone to making a careless slip.

My current habit is: when I see something I want to place an order for, I first close the trading interface, then go through my due diligence checklist—especially contract permissions, the unlock times, and who in the same sector is actually more capable. A lot of the time, when I’m flipping through it, I end up calming down… If I still want to buy, I only let myself start with a small position to test the waters, and the rest I’ll wait until the next day. Anyway, when liquidity is poor, surviving comes before catching the bottom.