These past few days, the biggest feeling from watching the market isn't "opportunity is coming," but rather that liquidity is slowly drying up, with orders so thin they look like paper, swept away at the slightest breeze. To put it plainly, bottom-fishing at this time is more like catching a flying knife; if you really want to do it, you first need to ensure you're still in the game: keep your position smaller, don't hold on stubbornly, avoid leverage if possible, and having some bullets left is more reliable than predicting the bottom.

Airdrop season is also quite surreal; task platforms are becoming more and more meticulous in counter-witching, and the points system has turned the grab-and-go crowd into a routine like clocking in at work. It’s exhausting to watch… Anyway, I now prefer to focus more on on-chain activity and retention, slowly accumulating small wins.

For now, I won't try to be brave; I’ll go revoke some authorizations from a few old wallets and take note of today's observations.