Just came out of the law firm, the new regulations in Singapore do not affect our DeFi work, mainly targeting non-compliant crypto exchanges or influencers like Binance, Bybit, Bitget, etc. If you live in Singapore but do not promote these exchanges, it's fine.
Bitcoin liquidity is strange; there are no breakpoints when it falls, but there are when it rises. Therefore, the llama soft liquidation range will also lead to liquidation during an increase due to insufficient liquidity.