When the liquidation line in lending gets close to the red line and there are only three steps left, I usually can't pretend to be calm... To put it plainly, at this point, you no longer have the qualification to "bet on the direction," so prioritize saving your life. The first thing is to review both the authorization and the position: check if there are old lending agreements still with unlimited authorization, revoke them first to avoid panic-induced mistakes and being exploited again. Then see if the collateral is highly volatile; if it can be replaced with something more stable, do so, or simply add some margin to push the line further away—don't expect the critical point to bounce back repeatedly.

Recently, with extreme funding rates, whether the group is arguing about reversal or continuing to squeeze the bubble, I just find it headache-inducing... At such times, it's easiest for a single needle to pop the bubble, and liquidation bots don't care about your emotions. Anyway, my usual habit is: better to earn a little less and keep the liquidation price at a "sleeping comfortably" distance, and deal with the rest later. That's it for now.