These past two days, it’s been pretty clear on-chain: once liquidity dries up, forget about trying to bottom-fish— even “wanting to get out” means lining up. Basically, in times like this you should focus on staying alive before talking about opportunities. Don’t go too heavy on your positions. And don’t place orders with overconfidence, assuming you’ll definitely get filled. If it really gets dumped, it’s like a needle going straight through the bottom— and even the rebound won’t have enough volume to catch.

Lately, people have been talking again about social mining, fan tokens, and things like “attention is mining”… I won’t judge the concepts. On-chain data is more straightforward: when things are hot, a bunch of brand-new wallets rush in. When it cools off, only a few addresses are left swapping with each other— there’s no return flow, and nothing comes back if it doesn’t. For trading, I now treat it more like practice: practice pulling back, practice not chasing, practice admitting when you’ve misread things. Let yourself get through the stretch of liquidity exhaustion first— then we can talk about everything else.