The feeling of being three steps away from the liquidation line in a leveraged position is basically like the market only has a thin layer of ice left—don't expect "give me a little more time."


I usually first check if I'm in a passive position: if the collateral and borrowed coins move in the same direction, the more you endure, the easier it is to be pierced by a single needle.
There are only a few things you can do: either quickly reduce leverage (pay off some debt), or add more collateral, but don't do it when liquidity is at its thinnest, as slippage and gas fees can make things worse; if nothing else works, just close the position, admit defeat, and go to sleep.
Recently, new L1/L2 projects are incentivizing to pull TVL, and everyone complains about mining, selling, and dumping, but I think it’s quite human: when liquidity leaves, you’ll see who’s pulling the ladder during liquidation.
If I could only keep one habit: always leave enough buffer before the liquidation line, don’t treat "just not exploding" as a strategy.
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