#市场观察 Just updated the macro Liquidity data, and today's situation is a bit severe. The TGA still holds a massive amount of $935 billion, continuously draining from the market, which is currently the largest source of tightening. Reserves are also slowly bleeding, and the RRP has reached zero—meaning the market has lost its buffer to cope with sudden shocks. Coupled with the pressure of a strong dollar, the total score is directly -4, with red lights continuing to flash.

There is a clear signal in this environment: markets operating in a state of water scarcity will become very fragile. Any negative news can easily trigger a chain reaction.

From a perspective of picking up毛, the current advice is very straightforward - choose new projects that have low liquidity demand and clear interaction costs. Don't touch those assets that rely on high liquidity support, as the risk-reward ratio is too poor. Instead, projects with clear test network interactions and simple on-chain operations are more stable in the current market environment.

Continue to accumulate interaction records; the harvest period will come when liquidity eases. Right now, the main focus is on accumulating chips, and do not let market emotions dictate your actions.