These past couple of days, my biggest feeling from watching the market isn't "opportunity is coming," but that liquidity can really suffocate people... You think just placing an order and waiting patiently is enough, but the moment a needle pricks down, slippage teaches you a clear lesson. Now I’m a bit more relaxed: survive first, then talk about bottom fishing, keep your position smaller, don’t go all-in, and if you can withdraw, do so. Cash (or stablecoins) in hand feels more secure.

Recently, the "yield stacking" of staking and shared security has been criticized as a scam, and I can understand that. On-chain, it indeed looks like risk is being packaged and repackaged. Looking through audit reports, many projects are very honest: when a black swan comes, no one can cover it. Anyway, I’d rather earn a little less than chase those seemingly attractive annualized yields during the most illiquid times... Let’s leave it at that for now.