The market has been stagnant these past few days, with depth evaporating just like steam. Although there seem to be many orders, they collapse as soon as you hit them. To put it simply, during times of liquidity drought, don’t rush to be a hero; survive first, then talk about bottom-fishing. I usually just clear my leverage and reduce my position. Better to miss out than get pierced by a single needle.

I also get itchy hands, mainly because of that kind of FOMO—thinking “Everyone else is picking up bargains, am I too timid if I don’t move”—plus the excitement over testnet incentives and token expectations. People in the group are guessing every day whether the mainnet will issue tokens. It’s easy to mistake risk for opportunity. Anyway, I’ve set a rule for myself: the more everyone thinks “This time it’s safe,” the more I pull back half a step. I take a sip of almond milk to calm down, and wait until the liquidation waterfall truly stops before acting.