These days, the on-chain depth looks thin, placing an order and withdrawing immediately, slippage quickly teaches you a lesson. When liquidity dries up, I really don't believe in the term "bottom fishing"; honestly, it's about surviving first: keep your positions small, avoid leverage for now, use limit orders if possible, rather than market orders, better to miss out than get caught in a squeeze and liquidation at the same time. The community is arguing again about whether extreme funding rates indicate a reversal or just more bubble squeezing; my approach is pretty simple: the more outrageous the rate, the less I move, first turn off the risk, and wait until the market is willing to give you a normal trading environment. Take a sip of tea, don’t itch your hands so much.