Lending positions being just three steps away from the liquidation line feels like a heartbeat that’s about to go out of sync. Honestly, it’s just that my heart starts racing first. I usually stop and stop adding leverage, don’t think you can just bounce back from anxiety with a quick rebound; the second step is to pay off what you can, even if it’s just moving the red line down a little, giving yourself some breathing room; the third step is to glance at the inflows on-chain or on the exchange—don’t just watch the K-line, because when emotions suddenly turn sour, it’s often because of fund movements first.

Recently, the group has been flashing screenshots of stablecoin regulation, reserve audits, and various “de-pegging” alerts. The more I see, the more my hands start to tremble. My biggest fear isn’t losing money, it’s losing control—once that happens, I forget even the most basic risk management. Anyway, I’d rather earn a little less now than learn to stay calm from a liquidation email. That’s all for now.