I now treat borrowing and lending as a tool that could "slap you at any moment"… When the liquidation line is three steps away from the red line, I usually don’t gamble on luck: I cut my position a bit (even if it’s at an awkward point), then add some margin to bring the health level back to a zone where I can sleep peacefully. Last week, I also did something very old-fashioned: I wrote down the liquidation price and warning price in my notes, set an alarm, so I wouldn’t miss the on-chain notifications.

Recently, there’s been talk about some regions raising taxes and tightening regulations, then loosening them again. Basically, when the deposit and withdrawal expectations change, market sentiment easily shifts from acceleration to braking. People like me are even less willing to open leverage too fully. I’d rather miss out once than be forcibly liquidated passively. Anyway, I just can’t handle the mental stress.