Lending positions being three steps away from the liquidation line—that feeling is like the heartbeat starting to race. Honestly, I used to be quite stubborn, always thinking "I only look at on-chain data" was enough, and whenever I saw large transfers or movements in exchange hot and cold wallets, I’d imagine smart money rushing to run early... But most of the time, it’s just others moving assets or doing risk control, which has nothing to do with my leverage.

Now I do three very common things first: lower my leverage a bit (even if it means earning less), add some margin but not hard-pressing, and conveniently check the stop-loss/repayment paths to confirm they work. Emotionally, I also force myself not to stare at the candlestick charts, but to flip through a couple of pages on forums to see if everyone is collectively losing their minds—if it really reaches a point where “the whole internet is very confident,” I actually want to stay further away from the red line. Anyway, liquidation isn’t about trading skills; it’s more about whether you can survive... That’s it for now.