Today I couldn’t help myself and checked the liquidation map again—everything was red in a big swath. I’m only a couple or three points away from the red lines of a few friends. Every time I see this kind of “three steps away” situation, I want to tell someone: don’t bet on a rebound—top up collateral or pay off your debt now. Sure, if you top up you’ll probably get buried anyway, but it’s still better than getting liquidated outright—at least you can last a few more days until the market comes back a bit, then you can run. The new chain next door is busy throwing out incentives to boost token distribution and TVL again; everyone’s shouting about mining, then selling—so how many actually managed to run? It’s not like they didn’t get trapped and end up providing liquidity. That’s it for now—I’m going to check my own positions too, so I don’t end up being three steps away from the red line as well.

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