When the liquidation line for a lending position is only “three steps” away, I basically stop trying to reason with myself and focus on survival: either add some margin to pull the line farther, or directly cut part of the position. I’d rather make less than get wiped out by the system with a single click. To be honest, that mindset of “if I just hold on a bit longer, it’ll come back” is the most poisonous—especially these days when the fee rate swings to extremes. In the group chat, they’re arguing whether this is a reversal or just continuing to squeeze the bubble. Anyway, I don’t dare to bet that it will turn around immediately. The safest move is still to reduce leverage, keep some “ammo,” and wait until the emotions cool down… It feels like walking a tightrope high above the ground, or lining up to buy limited-edition merchandise—heart racing, but if you really fall, no one will catch you. For now, I’ll just pull the line a bit farther before bed.