I just took a quick look at on-chain data, and some lending protocols’ liquidation thresholds really are pretty close to the current price. Plainly put, when you’re three steps away from the red line, what’s most feared is getting too caught up in the impulse to bet—thinking it can still bounce back, then one pinprick just lifts it away. Personally, I usually set an alert price first, then cut exposure or add collateral—anyway, I’m not going to race the liquidation bots on speed.

Over the past couple of days, I’ve also seen people in the group complaining about miners and that whole MEV thing. Honestly, when it comes to ordering fairness, retail traders can’t compete with those bots—once gas fees spike, they push people out directly. Forget it; I’d better just manage my own positions well, so I don’t end up as that red dot in the hot zone of liquidations.