I'm currently focusing on one thing regarding lending and borrowing: how many steps away I am from the liquidation line. When it really gets to "three steps away from the red line," I usually don't think about bottom-fishing for a turnaround; I first lower my leverage: add some margin, reduce some positions, whichever is less painful, I choose that, anyway, just to stay alive. Then I lower my expectations — I don't aim to recover the profits, just to avoid being sent away with a single click by the system, and my mindset becomes lighter.

Recently, the group has been talking about stablecoin regulation, reserve audits, and various "de-pegging" rumors. Honestly, emotions are the easiest to push people into increasing leverage or stubbornly holding on. I set a strict rule for myself: what I borrow is risk, not faith; when I hear rumors, I first check on-chain liquidity and relevance, and if I'm really unsure, I keep more cash on hand. If I miss out, I miss out.