With lending and borrowing, when the liquidation line is just three steps away, my first reaction is always: "Done, I’m about to start 'going long'..." then I quickly shut up. Honestly, at that moment, don’t talk to yourself about big logic; prioritize survival: either add some margin to push the line further away, or directly reduce positions / pay off some, cutting the part most likely to be blown up by a single spike. Toughing it out only amplifies anxiety, and trembling hands make it easier to get liquidated. Recently, some people have been explaining crypto price movements using ETF fund flows and U.S. stock market risk appetite, I’ve seen that too, but none of that works in front of the red line—discipline is what really matters. Anyway, I never dare to fully load my position, I just hold on and wait.