When it comes to lending and borrowing, I now pay more attention to "how many steps away from the liquidation line." When there are only three steps left, I usually don't think about bottom-fishing to recover losses; instead, I push the red line outward: either add some collateral (preferably stablecoins I originally used as a buffer), or repay a small portion first to restore health. If that doesn't work, I reduce my position, even if I sell at an uncomfortable price, it's better than waiting for an automatic liquidation on-chain.

Recently, I've been discussing interest rate cut expectations and the dollar index, saying that risk assets sometimes rise and fall together... It sounds pretty mysterious, but for me, it just means that when volatility increases and correlations jump around, the risk of liquidation suddenly feels "close at hand," so I prefer to earn less.

I trust data more; the reason is simple: intuition can turn into emotion during rapid market moves, but data at least reminds me "you're only three steps away from the red line." That's all for now.