Nothing much to say about the market these days, I’m actually more concerned with one word: slow. Oracles feeding prices slowly, and when liquidation gets delayed, things become very strange — you see your position still “safe,” but the on-chain peg has already changed the world, it just hasn’t fed into the contract yet. When an update comes, the liquidation threshold suddenly shifts, and those caught in congestion are most likely to be confused: margin trades can’t go through, but liquidation orders are lining up to get in, and slippage might just give you an extra hit.

My current approach is pretty crude: with high leverage, try not to push to the edge, prefer to slow down and take fewer hits, rather than betting that the price feed will “just make it in time.” By the way, recently there’s been a heated debate over the compliance boundaries of privacy coins/mixing coins. My only feeling is this: rules are also slow variables, but once they’re implemented, it happens very quickly. Don’t expect a last-minute sprint to outrun the on-chain bots. That’s all for now.