Once my lending position approaches the liquidation line, there are only "three steps" left, basically no longer betting on a rebound, slow down first. The first step is to reduce leverage a bit: either add some margin or pay off a part first, even if it's less, to move the red line downward. The second step is to straighten out the position, don't let a bunch of small positions drift randomly, it’s just stressful to watch; I usually prefer to cut the least confident part and keep the core. The third step is to wait and see, don’t stare at the market and ruin yourself... Frankly, when you're too close to the red line, staying alive is more important than bottom fishing.

Recently, I’ve been talking about the expectations of interest rate cuts, the dollar index, and risk assets rising and falling together. I find it quite mysterious, but anyway, macro changes cause chain reactions in on-chain liquidations. Being a bit slow doesn’t hurt; don’t let emotions control your risk management.