Unrealized losses are really more tormenting than unrealized gains. Clearly just numbers on the books, but the mind automatically treats them as "pain about to become real." I usually just glance at unrealized gains twice and close it, but with unrealized losses I keep thinking: Should I add more margin, should I cut, will the next spike just wipe me out... and the more I think about it, the more I can't sleep.

Today I checked on the blockchain, an address 0x7c…9f added margin three times in half an hour, feeling like being pushed into a corner by volatility, flustered and panicked. I’ve been there before too—after being liquidated twice, I finally realized: not setting a stop-loss is like putting sleep on the line as collateral.

Recently, meme + celebrity calls are heating up again. I understand newcomers being excited, but attention rotation, to put it simply, is just musical chairs. There’s no need to catch the last baton. Anyway, I’d rather earn a little less now than wake up in the middle of the night to the liquidation alarm.