These days, watching the funding rate swing from extremely positive to extremely negative, and the group chat arguing whether to reverse or continue squeezing the bubble, I’m personally not taking a side… What I care more about is whether the oracle feeding price has kept up. To put it simply, liquidation depends on the “price recognized by the system,” not the candlestick you’re watching; when the feed price is delayed, the market has already swept back and forth, but your position is still stuck at an old price, resulting in either the explosion not happening and being dragged out even more, or the explosion happening prematurely and being hurt by the old price, especially with high leverage, the experience is: it’s obvious the price has come back, but your account is gone first. The turning point is also quite awkward — sometimes the delay actually helps you “sneak” through, but that’s not a strategy, it’s luck. Right now, I’m just lowering leverage, leaving enough margin, and during periods of extremely abnormal rates, I’d rather do less, because even models can’t save reckless moves.