People are just interpreting ETF fund flows and US stock risk appetite as if they are tightly linked, and meanwhile they start guessing the next candlestick in crypto. Fine... But often, the ones truly getting liquidated aren’t due to “macro” factors, but because the oracle’s price feed is a half-beat behind.

The most insidious place where price delays occur: you see that you haven't hit the liquidation threshold yet, but on-chain settlement is using an older or more jumpy quote, or at some moment the update got stuck, and the liquidation bot liquidates you based on the price it recognizes. By the time you realize and try to add margin, it’s already too late, and you also eat slippage and fees. To put it plainly, liquidation doesn’t care about emotions; it only cares about “the price it received.”

Don’t just stare at charts and news; if you’re really playing with leverage, at least check: what oracle is used, update frequency, whether there are protections or pause mechanisms during extreme market conditions; if you don’t want to research, just lower your leverage—don’t gamble with delays. Anyway, at the moment of liquidation, no one has time to discuss ETFs.