Lending and borrowing are now quite realistic to me: when the liquidation line is just three steps away, I stop betting on the market myself. First, record the position and debt, and figure out whether adding margin is more cost-effective or just reducing some positions and paying off part of the debt, so I don’t get caught off guard when only one step remains. Then, quickly review the authorization, reclaim what I can, to avoid being deducted again someday... Anyway, prioritize survival.

Recently, someone also used ETF capital flows and US stock market risk appetite to explain crypto price fluctuations. I’ll glance at it, but I don’t rely on it as a lifeline. My approach is more straightforward: add 0.0008 ETH, or a small amount of 10 USDT to push the red line a bit further out, then wait 15 minutes to see if the volatility stabilizes. If it’s stable, I sleep; if not, I keep reducing. Discipline is more important than saving face.