My current idea is pretty simple: when liquidity dries up, just survive first. Don't rush into bottom fishing and adding drama to yourself... If you really want to pick up bargains, you need to have the means to do so.

These days, the market feels like that kind of "posting prices but not necessarily getting a deal," quiet and dull, and the slippage makes the mentality start to drift. To put it plainly, when the market lacks liquidity, whether the direction is right or not doesn't matter; don't get liquidated by a single spike. Keep your position smaller, buy in batches more slowly, and hold some cash—being able to sleep well is more important than anything.

On-chain is also quite interesting; everyone is complaining again about miners/validators taking too much, MEV causing unfair ordering, retail investors feeling like they're queuing to buy tickets but getting cut in line... In this environment, don't expect to always "precisely bottom fish." I'll stick to my old habit of reviewing and taking notes first, and wait until the water comes back. Anyway, it's more painful not to learn during a bear market.