When the lending position is only three steps away from the liquidation line, I usually stop looking at the candlestick charts. The more I watch, the more I want to gamble on that moment. First, break down the position to see clearly: what is the current health status really relying on—has the collateral increased a bit, or has the borrowed coin just dropped a little; then consider the worst-case scenario with "instant price spike + slippage," and don't deceive yourself with an ideal transaction price.


Next, there are three boring but lifesaving options: either add some collateral (don't go all-in at once, split into two times to avoid being liquidated immediately after transferring), or repay part of the debt (even if it's not much, it’s worth pushing the liquidation price further out), or simply reduce leverage and cut the position by a chunk, so you don’t have to sleep listening to the liquidation bot knocking…
By the way, recently I’ve been thinking about social mining and fan tokens—this “attention as mining” concept. It feels similar to lending; attention also has a liquidation line. Staying up late scrolling and posting until you burn out, and then life forcibly liquidates you.
That’s all for now.
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