I now have a small habit when watching borrowing and lending positions: when the liquidation line is only "three steps" away from me, I stop thinking about bottom-fishing and turning things around, and instead open a small window to breathe. There are two specific things: either reduce some leverage (pay off some debt), or add some margin to move the line downward, anyway don’t wait for it to knock on the door. Honestly, at that moment, the mindset is most prone to hard resistance, but a slight tremor can result in all fees and slippage.

Recently, there’s been talk about tax increases, tightening/loosening compliance, right? I actually react pretty slowly; I just think, “Oh, here it comes again…” But when deposit and withdrawal expectations tighten, market sentiment can suddenly cool down, and the liquidation line is like a thermometer in a greenhouse, dropping faster than you think. First, turn off the lights and sleep, waking up still able to operate is better than enduring a margin call in a more decent way.