Feeling like you're only three steps away from liquidation is really tough. I usually don't tough it out; I prioritize "staying alive": either add some margin to push the red line further away or directly reduce my position, keeping the one I least want to sell, and clear out the marginal assets first. Watching the order book wall is also crucial; if there's no support below the floor, a liquidation cascade can cause a slip-through, so don't expect "someone to step in."

Last week, I was lazy once and thought I’d wait a bit longer, but the price didn’t move much, and the interest and emotions drained me first… Honestly, liquidation isn’t the moment of the biggest loss; it’s the moment you lose your ability to choose.

Recently, with social mining and fan tokens—this "attention as mining" approach—I see it as fueling leverage-like emotions: when it’s hot, everyone feels like they’re making money; when it cools down, you’re left with a bunch of passive holdings. Anyway, when I get close to the red line now, I first reduce noise, prioritize survival before talking about aesthetics.