I’m not most afraid of the drop itself, but of that suffocating feeling when your position is only “three steps” away from the lending liquidation line… At this point, I usually don’t look at what people are shouting in the group, and I definitely won’t think, “just wait a bit for the rebound.” Step one is to work everything out clearly: the liquidation price, how much margin is being tied up, and exactly how much you need to add to push the red line farther away. Step two is to cut leverage / repay part of it first— even if it means swallowing some fees losses—I won’t leave myself with the illusion that “as long as I don’t get liquidated, I’m fine.” Step three is to check whether the exchange inflow and the order book look like they’re building up pressure for a big move; if the inflow suddenly spikes, I become even more conservative. Recently, I’ve also grown fed up with all that L2 back-and-forth about TPS/fees—put simply, even if the subsidies are really attractive, once there’s a real liquidation, it won’t be my turn to benefit… Just stay alive.