The feeling of being three steps away from the liquidation line on a borrowed position—actually, my first reaction isn't to leverage up and gamble on a rebound, but to move the red line further away: either add some collateral or pay off a portion of the debt, choose one. If that doesn't work, just reduce the position directly; losing a bit on fees is acceptable—staying alive is the most important. To put it simply, liquidation isn't about how much you lose, but about being forced to sell at the worst possible moment.

I personally like to set a "buffer zone"; once I enter the buffer zone, I automatically treat it as a risk control trigger: I place sell orders for assets I can sell or split them into smaller orders, so I don't get caught off guard when the chain gets congested or prices slide. Staring at the screen for too long makes my eyes sore and my neck stiff, and during times like this, it's easier to fall into the trap of "wait a bit longer"... Anyway, I now prefer to act early.

By the way, I’ve been observing the recent chatter in the community about privacy coins/mixing compliance. My feeling is: when rules are unclear, liquidity and risk control become more sensitive, and liquidation risks are slightly amplified. Don’t push your luck with regulatory boundaries—manage your positions first, and everything else can wait.