The recent market feels quite "waterless," with order books so thin they look like paper, and a slight move causes a bunch of slippage. To put it simply, when liquidity dries up, focus on surviving first and then think about bottom fishing; otherwise, you might think you're picking up bargains, but you're actually digging your own grave.

Seeing people interpret large on-chain transfers and unusual movements in exchange hot and cold wallets as "smart money," I also get curious, but I really don't dare to blindly trust it... Many times, it's just others adjusting positions/risk control/internal arbitrage, unrelated to us. Anyway, I'm currently testing with a small position, keeping cash on hand, taking it slow is fine, and maintaining a steady rhythm. Be more Zen, and don't let emotions drive your actions first.