Liquidity has dried up these days, and the market suddenly feels like it's suffocating, with orders so thin it's ridiculous, and I'm afraid to buy the dip for fear of becoming a "liquidity taker." Honestly, at times like this, the priority is to survive: reduce positions, tighten leverage, hedge if you can, and don't rush to prove your foresight.

The group is again discussing stablecoin regulation, reserve audits, and various rumors about "de-pegging." Seeing too much can easily lead to being influenced by the rhythm. I now mainly trust what I can verify myself; the rest is just noise.

Staring at the screen until my eyes hurt, and my stomach feels a bit tight... Anyway, the first step is to control the risks. When the bottom will come doesn't matter; whether I can wait for it is what matters. That's all for now.