The recent market feels like there's that same sense of "liquidity being drained" again, with the order book so thin it’s like paper, just a slight push can make it slide. Outside, people are still arguing about ETF fund flows, bringing up U.S. stock market risk appetite, as if they can explain all the ups and downs in crypto... I also like to watch, but honestly, these explanations can't save your position.

My current idea is simple: survive first, talk about bottoming later. Being an LP is more obvious, the fees look pretty attractive, but then a sudden surge and drop happen, with slippage + impermanent loss stacking up, turning bedtime stories into nightmares. I thought I was adjusting quickly enough, but the more I adjust, the more it feels like chasing a knife, and I end up losing the chance to exit.

So recently, I prefer to reduce my position size, keep some stablecoins, and avoid pools that require you to "make decisions immediately." There might be a bottom, but the bottom doesn’t need you to be there for every single one. Don’t gamble on it first. That’s all for now.