I now have a bit of a "reflex" when it comes to liquidation thresholds for borrowing and lending. When I'm three steps away from the red line, I usually stop first, neither adding to my position nor toughing it out, I first look clearly at my position and collateral ratio: whether I should repay a little first, or add some collateral to widen the margin, anyway, I want to breathe easy first. When it really comes down to that luck-dependent distance, I can't sleep well, and it's not worth it.

Recently, the group has been talking about stablecoin regulation, reserve audits, and various "de-pegging" rumors. Honestly, the more they argue, the more I want to lower my leverage a bit... I need to be reminded: don't gamble based on emotions, liquidation is not about right or wrong opinions, it's the system pressing buttons. Stand firm first, then move.