I tried to buy the dip during a liquidity crunch once, and the worst part wasn't losing money, but being unable to escape: orders felt like stones sinking into the sea, and the slippage made me more and more discouraged.

Later, I set a simple rule for myself: first calculate the interaction costs clearly (gas + authorization + possible order cancellations), then see if there's a "survivable" exit route, like whether I can withdraw at any time or if I can enter and exit in batches. If these conditions aren't met, I just ignore it.

Recently, NFT creators have been arguing fiercely over royalties, basically meaning creators want income, but the secondary market complains about even worse liquidity...
Now I’m more cautious: when liquidity tightens, all assumptions that "you should be able to sell" become invalid.
First, protect yourself, wait for the market to breathe again before talking about buying the dip—there's always another opportunity anyway.