Recently, I've been seeing people in the group chat talking about "buying the dip" again, and honestly, it's getting a bit annoying.

Those who have experienced real liquidity crunches know that at times like that, it's not about how much the price drops—it's that your limit orders simply won't fill, gas fees go through the roof, and you can't even get out if you want to. Now everyone's comparing RWA and Treasury yields to on-chain yields, which sounds nice, but let's be real—these are all just things that "look like they have liquidity." When a real run happens, who's going to back you up?

For now, I'm not even going to try to guess where the bottom is. I've trimmed my position to the point where I can sleep without panicking, revoked unnecessary approvals, and changed multi-sigs as needed. Only by surviving can there be a "later," and as for what that later holds...

Let's leave it at that for now.