During times of liquidity exhaustion, my conclusion is quite soft: survive first, then talk about picking up shells. Don't rush to prove you're "buying at the lowest"; when there's no liquidity, a drop feels like there's no brake, and rebounds can easily get stuck halfway.

I'm now more concerned about not over-allocating positions, not being forced to liquidate, and slowly placing small orders in several rounds. If they don't fill, so be it. Looking on-chain, whales also don't seem eager to chase; they mostly move back and forth, feeling like everyone is waiting for the next breath. Plus, recently retail traders have been complaining about miner/validator income, MEV front-running, and unfair ordering, which also annoys me... Anyway, the slippage is huge, jumping in feels like paying taxes. For now, just hold on; only by weathering the tide can you have the mood to pick up decent shells.