The biggest fear in lending positions isn't the rise or fall, but the stubbornness of watching the liquidation line and thinking "I'll hold on a bit longer." When you're three steps away from the red line, I usually stop first, neither adding leverage nor opening new positions, and instead clarify the repayment/margin replenishment process: where are the coins, can I transfer immediately, will the transfer get stuck. Often it's not that you're wrong about the direction, but that you think you have more time.

These days, I've been discussing how some regions are tightening or loosening taxes and compliance measures, which essentially affects the psychological expectations for deposits and withdrawals: when you panic, both on-chain and on the platform might be squeezed at the same time, and the closer to the critical point, the easier it is to cause a stampede. Anyway, I’m used to first "take a screenshot" of the current position and liquidation price, like a little habit, but when something actually happens, it can help you stay calm for half a minute. Position size isn't about pride; surviving first, then discussing opinions.