Recently, this liquidity has really gotten a bit scarce. Once the order book gets thin, the sentiment gets pulled back and forth. In the past, I would always think, “If it drops a little more, I’ll buy,” but honestly, it’s more important to stay alive first: don’t fire all your bullets at once, and don’t let yourself be forced to make choices at the worst possible moment.

The biggest change since I started keeping track is that my mind isn’t as noisy anymore. Every time I want to add to my position / want to hold firm, I flip back and look at the judgment I made back then and what happened afterward—then I realize that a lot of “beliefs” are really just anxiety in the moment. I understand why the on-chain data tools and the tagging system have recently been criticized as lagging, and even for being misleading, so I treat it as a thermometer rather than a steering wheel. For now, let’s just get through this dry spell slowly.