Liquidity dries up, and many people's first reaction is still "buy the dip." I really want to laugh (or maybe at myself). Honestly, when there's no liquidity, prices aren't determined by "value," but by who can hold on first: slippage, liquidations, forced sales, order cancellations, even fees can wear people down to doubt their lives. Survive first, then talk about buying the dip; reduce your position, turn off leverage, move your available funds to places where they can run, losing slowly is winning.

Recently, the collapse logic of blockchain games is the same: when inflation kicks in, studios enter the market, and the coin price begins to spiral downward, everyone talks about the ecosystem, but in reality, everyone is racing to get out first. Don't pretend; the market is this realistic... Anyway, what I care about now is whether, the next time liquidity is pulled, I will also become that last straw. What about you?