Last night, I was watching my leverage position just a step away from the liquidation line.

The alarm went off, and I didn't dare turn it off, afraid that I might be taken out with a single blink...
Honestly, at this point, don't expect the market to give you face.
I usually do three things first: take a screenshot of the position + write a sticky note and stick it on the screen (liquidation price / add margin price / reduce position price),
then reduce some leverage to slow down my heartbeat,
and then check if I have any idle stablecoins to cover the margin.
I'd rather earn a little less than get wiped out in one wave.
Now everyone is comparing RWA, US bond yields, and on-chain yield products,
but I just see it as "looks pretty good but uncertain."
When the position is close to the red line, no matter how good the yield is, there's no way to keep it...
First, survive.