Today I saw someone complain again, "Why did I get liquidated in the blink of an eye"… Actually, many times it's not that your reaction speed is slow, but that the oracle feed price is slow or got stuck for a moment. On-chain contracts look at their "reference price," and when there's a delay, a very awkward situation can occur: the outside market has already recovered, but the contract still shows a worse price, and the liquidation bots will still follow the rules and hit you; or conversely, the price is clearly dropping, but the feed price hasn't caught up, and when it updates, it can directly break through.

Forget it, speaking plainly: you think you're watching the candlestick chart, but your critical moment is actually those few seconds of the "feed price." Now, when I open leverage, I make my position smaller and leave a bigger buffer, preferring to earn less rather than being treated as an ATM by the system.

By the way, a hot topic: recently, social mining and fan tokens have been loudly shouting "attention is mining," but when liquidation happens, attention is worthless. Only risk parameters and oracle update frequency are valuable… Anyway, don’t get caught up in it.