Lately, watching the market, that feeling of liquidity gradually drying up, is quite like the tide receding and still insisting on picking up shells... To put it simply, don't rush to buy the dip; surviving is more important. My own pool is also slowly tightening, and I’ll take some back into stablecoins if I can. Blue-chip tokens are left as a tiny "still in the game" ticket, and things like impermanent loss are exactly the kind of lessons the market teaches you when it gets volatile.

In the community, people are still arguing about whether privacy coins and coin mixing cross the line, and who exactly defines the compliance boundaries... I find it annoying to listen to, but I can also understand everyone's anxiety. Anyway, I don't need to be understood; I just want to spread the risk and avoid getting wiped out in one wave. For now, that's it. When the water comes back, we’ll see.