Last night I reviewed and realized that my liquidation back then wasn't entirely due to my reckless leverage (well, mostly that), but also partly because the oracle feed was half a beat slow. You were watching the market and thought things were still stable, but the feed updated late, and in the system's eyes, you had already hit the liquidation line, and it just sent you out with a single click... The most annoying part is that I didn't even have time to add margin, no chance to struggle.

Recently, there's a major mainstream blockchain network upgrading/maintaining, and everyone in the group is guessing whether the project will migrate. I’ve learned my lesson: I try to avoid perpetuals as much as possible in these situations, especially high leverage ones. On-chain congestion plus delayed oracle feeds stack together as buffs, and it’s just ridiculous. To put it simply, when it comes to liquidation, arguing with the “market price” doesn’t work; they only recognize the oracle’s official price. Damn, as they say in Chongqing dialect: can’t handle it. That’s all for now, don’t learn from me.