Recently, that kind of "illiquidity" feeling in the market has returned, with order books so thin they look like paper, a single pin could poke a hole. To put it simply, don’t rush to buy the dip at this time; first think about how to survive: don’t hold onto positions stubbornly, dismantle leverage if you can, keep some cash/stablecoins as oxygen tanks, or else what you buy might just be the lower floor.

These days, some people are obsessively watching staking unlocks and token unlock calendars, anxious about selling pressure bouncing back and forth… I understand, after all, I’ve seen too many scenarios where “unlock doesn’t mean an immediate dump,” but it still ends up crashing. Anyway, what I care more about now is: can the market absorb that selling pressure? If it can’t, don’t pretend to be strong.

When liquidity returns, it’s not too late to talk about buying the dip. Keep the oxygen tanks handy, don’t get sentimental underwater.