I just saw someone explaining all the ups and downs by using ETF capital flows and U.S. stock market risk appetite, and I couldn't help but laugh... Honestly, when your position gets into trouble, it's usually not macroeconomics, but the few seconds when the oracle feeds the price. If the price feed is delayed, the on-chain price still shows the "old world," and your position might already be liquidated outside, but the protocol hasn't reacted yet; then suddenly when it updates with a big change, liquidation hits like a floodgate opening, with even worse slippage, and there's no time to add margin. Anyway, now when I leverage up, I first check the oracle update frequency and how they handle anomalies, and I leave some buffer in my position... I don't believe in myths, I believe in processes.