Recently, we’ve been talking again about rate-cut expectations, the US Dollar Index, and how risk assets can rise and fall together… I do look at the macro picture too, but when it comes to my own positions, I’m actually even more afraid of that “invisible delay.” For example, if the oracle feeds the price a little behind schedule, the market can drive a sharp move before your contract/loan health is already effectively breached. On-chain data hasn’t updated yet either. Then by the time the quoted price catches up, it’s an immediate liquidation—no time at all to add margin. In plain terms, you get picked off by the time difference.

For now, I try not to keep my positions right up against the liquidation line. I’d rather use a bit less leverage and avoid tokens with mediocre liquidity and fewer price/quote sources. As for whether I trust data or intuition… I trust data more. Intuition is too easy to self-soothe in volatile conditions; at least the data will coldly remind you, “you’re only a few seconds away from getting liquidated.” That’s it for now.