Sigh, I just saw someone get liquidated again—when it was only a few steps away. Honestly, in this market, the news cycle is moving along with US stock sentiment. ETF fund flows are being pored over and reinterpreted again and again, and it leaves people’s nerves in a constant state of unease.

Anyway, I feel like once you’re three steps away from the liquidation line, you should start taking action—don’t wait until you’re at the red line before panicking.

To be blunt, my own approach has been pretty dumb: over-collateralize more. Even if that means paying a bit more interest, it’s still better than getting forcibly liquidated. Also, set your liquidation price farther away. Don’t be greedy for those extra leverage multiples. I’ve seen too many people think, “It won’t be that coincidental,” and then they get lifted right away. In this kind of market, no matter how closely you monitor it, you can’t beat those on-chain MEV bots in speed. They’re just waiting for you to get liquidated so they can take the spread—tsk tsk.

Oh, and when gas is low recently, topping up collateral is also convenient. Don’t insist on waiting until the price goes up to make adjustments—that’s when fees have already climbed. That’s it for now. Anyway, I don’t want to be the filling in someone else’s sandwich.