The liquidation line in lending is really when you're three steps away from the red line—that’s when your mindset is most likely to fall apart. My habit isn’t to stubbornly hold on, and it isn’t to fully close everything right away. To put it plainly, I first deal with whether “a single needle could pierce me through”: either add a bit of margin, or pay off a small portion first, so I can pull the safety cushion back a little—at least I can sleep. After that, I’ll slowly watch the rest according to my emotions.

If I’d been less stubborn back then, and lowered the leverage half a day earlier, I wouldn’t have to keep staring at the K line like monitoring an electrocardiogram later... Anyway, the closer you get to the red line, the less you should expect yourself to stay calm in the moment.

Recently, the airdrop season has made everyone feel like they’re clocking in for work. As the task platforms tighten their anti-bot measures, on-chain activity gets even more chaotic. I’d rather miss out on a little than get “educated” by liquidation. For now, take it slow.