Loan positions are only three steps away from the liquidation line—usually I first put my phone down on the table... This isn’t me pretending to be calm; I’m just afraid that an urge to “add a bit more” will make me add the wrong way, and the more I top up, the worse it gets. Put simply, what you should do at this moment isn’t praying for a rebound—it’s treating leverage like something that bites: either add margin so the red line is pushed farther away (don’t add “just enough”; that’s called handing over your head), or directly cut a portion of your positions, accept the loss, and go to sleep. Don’t tell yourself, “It’s only a tiny bit away”—the market loves to take that tiny bit from you.

Recently, there have been more people watching large on-chain transfers and unusual movements between exchange hot and cold wallets, calling it “smart money.” I look at that and just want to laugh... They’re moving houses, and you take it like a battle cry—meanwhile your red line is practically smoking. First, take care of your own liquidation line. No matter how much drama there is on-chain, it can’t save you from liquidation.

Replying to what you said—“Just hold on and it’ll pass”… Yeah, you hold on. I’ll pull my leverage back first.