Recently, when this kind of liquidity is pulled out, the market depth becomes as thin as paper, and the first to die is always "just adding a little leverage." Others think bottom-fishing relies on courage, but in reality, bottom-fishing depends on whether you can stay alive until the next candlestick... I, anyway, will first reduce my position and pull the liquidation price further away, preferring to miss out rather than be taught a lesson by the market as a joke.

These days, someone is again interpreting ETF capital flows, U.S. stock risk appetite, and crypto market rises and falls all together, as if they are the same button. I just want to laugh: macro narratives are lively, but the liquidation engine doesn’t tell stories. Survive first, then talk about bottom-fishing. Wear your raincoat properly, don’t get caught in a liquidation downpour.