I just checked on-chain and saw that the liquidation prices of a few large holders’ positions are pretty close to where things are now. Honestly, these days we’ve been repeatedly talking about the calendar for staking unlocks, and the market is already tense about the unlocks—so any little hint of movement can easily lead to a stampede.

A few days ago, I was thinking that if, at that time, the oracle’s price feed is delayed by even a dozen seconds, then the outcome of liquidations would be hard to predict. Even a price difference of just a few seconds could directly trigger a whole chain of liquidations.

My habit is: before going to sleep, I take a quick look at what the whales are doing, get a feel for things in my mind, and then let it be what it will. Anyway, my positions are small, so even if they get dumped on, it won’t hurt too much. If it really falls apart, on-chain data will give me signals before the K-line—then I’ll deal with it after I wake up. That’s all for now.