Lately, I've been feeling a bit uneasy watching on-chain data—orders are so thin they're like paper, and a small trade can carve out a big dip in the price. When liquidity dries up, I really don't dare to shout "bottom fishing"; honestly, it's about surviving first: don't hold onto positions too tightly, avoid leverage even more, keep some cash/stablecoins as oxygen, and being able to sleep well is more important than anything.

On the macro side, they're talking about rate cut expectations, the dollar index, and how risk assets still rise and fall together... It sounds pretty surreal, but when market sentiment suddenly shifts, the first to die are the assets with no liquidity. My approach is pretty simple: first watch the inflow and outflow of funds and active addresses, see if someone starts to pick up positions and if the depth gradually returns, then consider buying in batches. Otherwise, you're just providing liquidity for others. Let's see what happens next.