Being "in the job market" is not binary (looking vs. not looking) — Doshi lays out several stages: not interested at all, not looking but open to great connections, open for the right opportunities, very open to exploring, and actively interviewing.
The more senior you are, the longer you should be willing to sit in the passive stages of this spectrum before taking a role. Most people rush to close a job search within 2–5 weeks because searching is unpleasant — Doshi argues senior people should resist that rush and stay passive longer rather than converging quickly.
He says he personally tries to stay in the "open for great opportunities / open to great connections" zone at all times, never at either extreme (fully closed or actively interviewing), which is the practical expression of his The 1% Rule (Always Stay Open to Your Next Job).