Recently, my biggest feeling from watching the market isn't "how much it has fallen," but that when liquidity is pulled out, it feels like punching in a vacuum: you think you're bottom-fishing, but you're actually just finding an exit for yourself in difficult mode. To put it simply, during times like these, it's better to focus on survival first and talk about ideals later. Don't hold your position stubbornly; keep some cash (or assets that can be withdrawn at any time), and leave some room to escape.

By the way, I’m not surprised that the on-chain data tool's tagging system is criticized for being laggy or misleading... there's too much noise, and anyone can tell you a story about "smart money." My noise-reduction method is pretty simple: look less at a bunch of colorful panels, and focus more on the two simplest things—trading depth and whether you have an exit route. That’s all for now.