These past few days, liquidity has really dried up, with orders so thin they’re like paper, sliding out with the slightest breeze. The group is arguing over spot/contract funding rates, whether it’s a reversal or just more bubbles being squeezed. I’m not guessing for now; even if I guess right once, it doesn’t mean I’ll survive the next.

Honestly, during the dry spell, just stay at the table: keep your positions small, avoid leverage if you can, split your bullets into several parts, and take your time if you want to buy in. Don’t be fooled by the word “cheap,” I’ve seen too many times where the price just keeps falling and gets cheaper. Right now, it feels like a winter bus stop or a flashlight with no power—waiting for light, but until then, just conserve it. That’s how I see it.