It feels like the loan position is only three steps away from liquidation—it's really more torturous than watching the K-line… I usually don’t bet on “it should rebound.” I just do what I can first: add a bit of margin or directly reduce leverage, so the liquidation price gets pushed a little farther out. Then go over every little switch like auto-replenishment/stop-loss—don’t let the final moment get stuck because of network congestion. Plainly put, staying alive matters more than catching the absolute lowest point. I’ve also done that kind of hard-nosed holding on—turns out I got pierced by a needle, and when I woke up, all that was left was my trading records. It was mortifying.

Recently, people have been arguing fiercely about NFT royalties—creators want income, the secondary market wants liquidity, and everyone wants to have the best of both worlds… but when the market really reaches the red line, who’s thinking about management anymore? First move the position out of the fire. That’s it for now—I’m going to sleep.