Last night, I set my alarm 5 minutes earlier, and it suddenly reminded me of oracle price feeds: you think you're still in the "safety zone," but the on-chain price might already be half a beat behind. When extreme volatility occurs, feed delay = liquidation threshold being subtly shifted, so when leverage is high, it's very easy to get swept out, especially during those sudden spikes and pulls back, leaving no time for you to react.

Recently, everyone has been interpreting ETF capital flows, US stock risk appetite, and coin prices together, which is quite lively to watch, but honestly, no matter how good the macro narrative is, on-chain execution still follows the rules. My little habit is: don’t sleep with leverage right at the liquidation line, leave some buffer, so when the alarm rings, you can get up and close the door, anyway, not competing with the market on who’s more urgent.