My friend asked again, “Why did I get scared even though I didn’t touch leverage?” The truth is: a lot of the time it’s not that your operation is bad—it’s that the oracle’s price is fed with a delay. When the market suddenly swings, the on-chain price is still stuck on the old bracket, so liquidation bots line up using the old price. By the time you react and try to add margin, with gas fees higher and confirmations slower, you can only watch your position get swept… Someone like me who’s sensitive to gas is even worse: the more I panic, the less willing I am to pay the acceleration fee, and the more likely I am to miss the window.

Recently, discussions about rate cuts and the U.S. dollar index have been heating up, and the frequency at which risk assets jerk around together has increased. That makes the “amplifier” effect of delayed price feeds even more obvious. Anyway, I trust data more now: watching the oracle’s update frequency and the deviation thresholds feels more reliable than my instincts. My instincts are only good for reminding me not to get greedy. That’s it for now.