Recently, many people are borrowing positions close to the liquidation line and still stubbornly holding on, just a few steps away. To be honest, at that point it’s no longer about “seeing the right direction,” but about wrestling with volatility. My habit is to move the red line outward first: either add some margin, or pay off part of the debt to reduce leverage; if that doesn’t work, I’ll reduce my position myself, even if it hurts a little, rather than waiting for the system to cut me off abruptly. There’s also a small trick: set the alert line earlier so you don’t panic only when you see the red warning.

Lately, RWA, US Treasury yields, and on-chain yield products are often compared, and I’m getting overwhelmed… But no matter how stable the returns sound, the liquidation line on the lending side is a hard rule, and volatility can still slap you in the face. Anyway, I still believe: staying alive is the most important thing, keep your positions lighter, and your mindset won’t easily blow up.