Lately the market’s swings have left me a bit dazed—anyway, once liquidity dries up, gas just goes down first. A bunch of pools’ depth is almost gone; one order hits the market and the slippage is downright scary. To be honest, at a time like this the biggest fear isn’t losing money—it’s the itch to try to bottom-fish. I’ve been watching gas behave abnormally for a long time, and it feels like the on-chain packaging rhythm is also weird: transactions take half a day just to be confirmed, like it’s been propped up by force.

Watching the rate-cut expectations get yanked back and forth, the US Dollar Index and risk assets are basically both giving up in their own fragmented way. To be fair, some people call this an opportunity, but I trust the saying more: first survive, then talk about bottom-fishing. Don’t treat luck like ability—having the money in hand is what really matters. Personally, I’d rather wait a bit longer, until gas returns to normal or until the amount locked on-chain can stabilize on its own before saying anything.