Last night, I was staring at the liquidation line of the borrowing position. It was still quite far away, but at the moment of unrealized loss, my heart rate shot up instantly. Before bed, I impulsively refreshed it twice. Conversely, a few days ago when I had unrealized gains, I was surprisingly calm enough to do the dishes... To put it simply, the money I earned felt like "not yet in my hands," while the losses felt like "already taken out of my pocket," and my brain automatically sounded the alarm.

Now I’m increasingly able to understand this thing called loss aversion: unrealized losses are not just numbers; they push you to start imagining the worst-case scenario, and then emotions push past your risk control thresholds. Recently, hardware wallets have been out of stock, phishing links are everywhere, and the more anxious I get, the easier I am to make mistakes. I’ve simply done everything I can in advance: reduce leverage, set up alerts, whitelist my frequently used addresses... Don’t argue with yourself; first, protect your sleep and security.