ViewingNarrativesFromAHotAir

The recent market feels like "no one is buying, and no one dares to sell" again. Liquidity dries up, and bottom-fishing sounds heroic but actually feels more like head-butting a wall... My current idea is quite simple: survive first, then talk about picking up bargains. Keep your position light if possible; better to miss a rebound than get pierced by a needle.
By the way, some places are tightening and loosening regulations on taxes and compliance alternately, which directly impacts expectations for inflows and outflows. Everyone's sentiment shifts from "quick money" to "first find the door."

Recently, I've seen a bunch of narratives about RWA being on-chain. To put it simply, everyone loves to focus on "how much TVL/transactions are on-chain" to imagine liquidity, but I always feel there's some illusion here: being able to trade doesn't mean you can redeem, especially during stress tests. How the redemption clauses are written, who has the final interpretive authority, how long the queue is... these are the hard facts. Sometimes, the on-chain numbers are more like a heat gauge rather than cash flow. By the way, recently, on-chain data tools and tagging systems have been criticized