These past two days, whenever the order book gets thin, I get a bit hesitant. To put it plainly: when liquidity is drying up, catching the bottom is the second step—staying alive is the real first priority. I’ve also been seeing people in the group using RWA and U.S. Treasury yield rates to compare against all kinds of on-chain yield products; it all sounds pretty reasonable. But once you really hit a congested network and the slippage gets large, even if the returns look great, they can still turn into “wanting to exit but not being able to.” I’ve just closed the high-leverage interface—keeping a little ammunition and patience for now—until the market recovers and normal trading volume returns. Anyway, I don’t want to act on a moment of itch and end up being forced to become a long-term holder.

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