The biggest feeling from watching the market these days isn't "opportunity is coming," but that liquidity is starting to dry up again: thin order books, large slippage, and when you want to move, you find the way blocked. After experiencing that cross-chain bridge incident, I really have no interest in betting on a rebound now; just lay out the plans that can keep you alive—who holds the permissions, whether there are audits, how to shut down and compensate if something goes wrong, it's okay to take it slow.

Outside, people are again interpreting ETF capital flows, US stock risk appetite, and crypto market rises and falls as if they are all connected, talking convincingly... but when you actually place an order, if liquidity doesn't cooperate, all those narratives are useless.

Forget it, speaking plainly: during the dry season, don't think about "buying the dip for fun," first avoid being liquidated, avoid getting stuck and unable to exit, save some bullets, if you can withdraw, do so; only living to see the next round.