Today I want to advise myself and everyone else: the hotter the market, the more you should "pause" for a moment. Many people are watching the liquidation line, but actually they should be paying more attention to that feed price—if the oracle quote is delayed by a few seconds, you might see that the liquidation price hasn't been reached yet, but on the blockchain, the price could have already changed multiple times. Liquidation bots don't show mercy; they will directly close your position and take it away. You're still looking at the candlestick chart thinking you're safe... To put it simply, it's not that you calculated incorrectly, but that the data arrived late or your reaction was even later.

Recently, RWA, U.S. Treasury yields, and on-chain yield products have been compared together, and I also get dizzy looking at them. But don’t just look at whether the "yield looks like a government bond," more importantly ask: what oracle is being used? Is the feed price stuck or delayed during extreme conditions? Personally, I now tend to open fewer high-leverage positions, and when I see the price fluctuating wildly, I stop, observe, and pause my trading. Only when the feed price and on-chain transactions stabilize do I proceed—saving my life is the priority.