Just saw more screenshots circulating in the group chat about stablecoins de-pegging. To be honest, this kind of news pops up every so often, and I’m already kind of numb to it. When liquidity dries up, that’s when everyone panics the most—once people panic, they start moving亂: either cutting losses or trying to catch the bottom. Actually, what I’m most afraid of isn’t losing money; it’s losing control. You can get back what you’ve lost, but once emotions take over and you make chaotic moves, the logic is gone, and it’s even harder to clean up afterward.

On-chain fund flows have really been pretty quiet lately. Big players are just sitting tight, with no major amount of unusual movement. In this situation, instead of staring at the price and trying to guess the bottom, it’s better to first see whether the positions you hold can carry you through the winter. Stay alive first, then talk about bottom-buying. After all, the market consensus right now is that there’s a shortage of money—whoever has ammunition in hand will be the winner later on.