Recently, liquidity has dried up, and I no longer want to use the phrase "bottom fishing"… Honestly, surviving is more important right now. Lower your position size, avoid leverage, keep some cash on hand to sleep peacefully; anyway, opportunities will come again later.

In the past few days, I've seen everyone comparing RWA and U.S. Treasury yields to various on-chain "yield products." My first reaction isn't which one is more attractive, but rather: when something really goes wrong, can you leave at any time? Can you get out? Don’t let the yields look good on paper while you’re stuck inside.

As for "long-term," I’m not dogmatic either. For me, it’s probably starting from a quarter, at least surviving one or two major emotional swings. The ups and downs on the weekly chart… I just treat them as noise, and if I get sleepy, I sleep first.