These days, when liquidity shrinks, the market becomes especially "fragile," and many people are still shouting about bottom fishing. I actually prefer to survive first... Honestly, when there's no liquidity, you might think you're picking up bargains, but it could actually be catching flying knives, and you can't even move to get out.

And then there are those large on-chain transfers, or hot and cold wallets on exchanges being interpreted as "smart money coming/going," I also watch them, but I don't take them as conclusions. The signals that really matter to me are quite simple: whether the market gives you enough room to both enter and exit at critical moments, and whether the trading volume and depth collapse at a touch. When the signals are poor, it's better to move less, keep a lighter position, and take it slow—there's nothing shameful about that. First, keep your mindset and bullets intact.