The impact of a liquidation is dependent on the market. We want to reward borrowers who avoid liquidation in uncertain markets more than borrowers who avoid liquidation in strong markets. This is almost counter-intuitive, since sudden market crashes catch borrowers off-guard, while liquidating in a bull market seems like a borrower being careless. However, we want to recognize borrowers who avoided liquidation when many others did not. This means weighing liquidations in falling markets more heavily than liquidations in strong markets.