These days, I see people getting liquidated again, all cursing the "system bias," but honestly, it's often just the oracle feeding prices slowly: on-chain prices have already dropped, but your position still thinks it's safe. When the oracle updates, the liquidation line is immediately broken through, and there's no time to add margin. If you're playing with high leverage, this kind of delay is like leaving risk management up to luck.

Recently, news about tax hikes and compliance tightening and loosening also affects the mindset. When deposit and withdrawal expectations change, everyone is more eager to rush in and gamble on "I’ll leave first before it’s too late," and volatility makes the oracle feed delays even more pronounced.

Not long ago, I followed a project that "promised stability," but their budget was all over the place, no one responsible for actual execution, and when liquidation disputes arose, they just played dead... Forget it, unfollowed. Before voting, I now only ask: who feeds the price, who takes the blame for delays, who cleans up after liquidations. That’s all for now.