My biggest feeling from watching the market these past few days isn't about how much it has fallen or risen, but that liquidity is really drying up: the order book is so thin that even a needle can cause big fluctuations. Frankly, talking about "bottom fishing" at times like this is quite a luxury; it's more important to ensure you're still on the table. Don't get too excited and go all-in, or you'll have no chance to add bullets later.

Over on the L2 side, people are still arguing about TPS, fees, and ecosystem subsidies—I'll glance at those too, but the more lively the debate, the more it seems like a scramble for that limited attention and money... Anyway, what I care about more now is where the funds are coming from and whether they can get in and out smoothly. Tighten up your positions, reduce the fuss, keep some cash on hand for when the wind shifts, and then take another look.