When liquidity dries up, what I fear most isn't the drop, but "looks cheap but actually more expensive": slippage amplifies, fees stack up, plus the time cost of entering and exiting twice. Honestly, the profit is eaten up by hidden costs before it even begins to be calculated. At this point, I also get itchy; the psychological reason is pretty simple—after watching the market for a long time, I always want to prove I can buy at the lowest point, like arguing with the market.

Recently, there have been a bunch of testnet incentives, token expectation predictions, and people guessing whether the mainnet will issue tokens. My current approach is very cautious: first withdraw what can be withdrawn, avoid complicated routes if possible, rather than risking it during the thinnest liquidity, survive first, then talk about bottom-fishing. Anyway, losing money on fees is the most frustrating.