Today I educated myself again: I thought it was a small order, but the slippage suddenly spiked, and the execution price ran far away. Looking back, it’s not mysterious; the pool depth wasn’t enough, and I was in a hurry to swallow it all. The order placement rhythm was also chaotic, chasing after the candle moves, and the more I chased, the worse it got. Forget it, to put it plainly: if you want to catch big fish in a small pond and still complain that the net isn’t dense enough, then a crash is only a matter of time.

Recently, there’s been talk about increasing taxes and compliance in a certain region—sometimes tightening, sometimes loosening. Expectations for deposits and withdrawals fluctuate, and everyone’s emotions are more prone to get carried away. The on-chain depth just isn’t there when it’s gone. My current approach is very simple: first check if liquidity is sufficient, then slowly split orders and execute gradually. I’d rather take a small loss than fight head-on; a wallet is definitely not a wishing pond.