These days, that feeling of “no water” in the market has returned, with order books so thin they’re like paper, a single needle could pierce through. Honestly, at this point, what’s most frightening isn’t the drop in price, but that you can’t even run away if you want to. I once made a stupid mistake: seeing a sudden dip, thinking it was a bargain, but after entering, I realized no one was actually buying, and as I kept adding, I got more anxious, finally cutting my position at a lower point… Looking back, I realized the on-chain funds had already been changing like weather forecasts, I just couldn’t understand it and stubbornly acted anyway.

Now my principle is simple: survive first when liquidity dries up, then talk about bottom fishing. If you don’t understand, don’t move; better to miss an opportunity than to force a trade. By the way, I want to complain that recently, new L1/L2 projects are again offering incentives to boost TVL. Veteran users say “mining, then selling,” I can really empathize. It’s lively now, but when the wind stops, who still holds the liquidity will be the key. That’s all for now, I’ll see how it looks tomorrow.