Seeing the liquidation line really gives you that kind of blood-pressure jumping-dance feeling… Even though there are still three steps between it and the red line, and the position size looks fine, the recent unlock calendar has been coming one after another—those so-called “positives” from release of the stake haven’t even warmed up yet, but the selling pressure is already lining up in the order book. I mean, it’s like reading your own medical check report: the surface data is fine, but deep down you’re always worried that something like “abnormal liver function” might suddenly show up. Funny thing is, some guys are still shouting, “The pull-up depends on staking unlocks.” And I’m thinking—that’s basically handing liquidity to market makers, isn’t it? Anyway, I’ve adjusted my collateral ratio a bit in advance to leave some breathing room; I won’t wait for the liquidation bot to come knocking before I react. Bottom line: this market is tailor-made to treat every kind of “just wait a bit.”