After flipping through a few on-chain entries, I found the recent liquidation volume of a certain protocol is kind of interesting. It looks like the big wallets have all been silently rebalancing—when there’s no movement, it’s actually even more worth watching. As for the expectation that testnet points can be exchanged for mainnet token issuance, honestly everyone has been pretty lively lately, but I think the more critical question is: if things really get close to the liquidation line, do you still have room to maneuver with what you hold? Anyway, I usually keep about a 20% position as a buffer. When you’re three steps away from the red line, first check whether your collateral should get some extra protection, or reduce leverage a bit in advance—don’t wait until the alarm goes off and panic. These past two days I’ve seen people asking whether testnet points can actually be used to issue tokens on the mainnet—well, who knows—but at least don’t let your borrowing positions corner you.