Seeing someone ask "There are three steps left before liquidation, should I hold on tight?" I usually don't get into the story... First, treat the red line as a fire alarm: step one, immediately calculate your health/ collateral ratio clearly, don't rely on feelings; second, if you can reduce your position, do so, don't expect topping up margin to hide the problem, smaller positions let you sleep better; third, set up a repayment/adding to position plan in advance, don't wait for on-chain congestion + slippage to teach you a lesson. Recently, memes and celebrities are calling out again at the peak, newcomers are most likely to take the final step when "just a little more to break even," frankly, liquidation isn't the market's fault, it's a timed bomb you set for yourself. Someone commented "Just hold on and it'll pass"... Forget it, good luck.