Over the past couple of days, I’ve been watching on-chain fund flows. What’s most obvious isn’t who’s trying to catch the bottom—it’s that liquidity suddenly “deflated”: the pools are as thin as paper, and once slippage hits, people are left dazed. In plain terms, at times like this don’t rush to play the hero. Survive first, and only then talk about grabbing cheap prices. Keep your position size smaller, don’t jump into leverage recklessly, and if you can use limit orders, don’t chase market orders.

By the way, after upgrades/maintenance on the public chain, everyone is also wondering whether the ecosystem might migrate. From the address relationship diagram, I can see that some funds have moved ahead of time, but there are also plenty of “fake moves”—shifting around to the point that it scares you half to death, only to end up back where it started… Anyway, what I care about more right now is this: if withdrawals or cross-chain transfers really get stuck, can I make it through those few days? First, leave yourself an exit route—don’t let yourself be “trapped by the faith of catching the bottom.”