Lately, watching the oracle price feeding issue, it really feels like a "reflection after the rain": people say they are stable, but it all depends on a few seconds of luck. Others think liquidations happen because the market suddenly glitches; in reality, it's often just slow price feeds, and your position is the one that hasn't "reacted" yet. The price has already dropped, but the oracle is still reporting old data. When it updates, the liquidation line is directly broken through, leaving little chance to escape.

Some people keep an eye on large on-chain transfers and hot/cold wallets of exchanges, shouting that smart money is coming... Basically, what you see are "actions," but liquidations see "price." I’ll be honest now: if you can avoid leverage, don’t use it; if you do, don’t entrust your life to delays. Anyway, one lesson learned is enough.