Liquidity dries up, and the market feels like it suddenly has no air—spread widens, and trading becomes sparse. Actually, everyone understands that at this point, the biggest fear isn't missing out, but getting your position pierced by a needle and being unable to escape. With my small funds for market making practice, I’d rather withdraw my orders slightly, lower my inventory, accept fewer profits—it's better to stabilize the curve first and not let a sudden fluctuation wipe out the rhythm we've built up.

Recently, before and after that main public chain's upgrade/maintenance, everyone in the group was guessing whether the ecosystem would migrate. I also looked at on-chain transfers and pool depth, and I feel it's more about sentiment leading the way. Anyway, my strategy here is very simple: if I can withdraw orders, I do; if I can lower leverage, I lower it; once things return to normal, I’ll slowly re-establish my orders... survive first, then talk about bottom-fishing—there's nothing shameful about that.