What does it mean when more bars light up on the ADL indicator next to your position?
Auto-deleveraging (ADL) is a backstop mechanism in the liquidation system. It is usually activated only when the insurance fund cannot cover losses from bankrupt positions.
Key takeaway: Slippage can be substantial during extreme price swings. Keep extra margin on highly leveraged positions, and don't stubbornly hold on right up against the liquidation price.
Looking at the market: $BTC is at 74888.01, down 1.19% over 24h.
Leverage isn't a requirement. Spot trading is perfectly fine until you understand it.
#BTC
These views are for discussion only. You are responsible for your own risk.
Auto-deleveraging (ADL) is a backstop mechanism in the liquidation system. It is usually activated only when the insurance fund cannot cover losses from bankrupt positions.
Key takeaway: Slippage can be substantial during extreme price swings. Keep extra margin on highly leveraged positions, and don't stubbornly hold on right up against the liquidation price.
Looking at the market: $BTC is at 74888.01, down 1.19% over 24h.
Leverage isn't a requirement. Spot trading is perfectly fine until you understand it.
#BTC
These views are for discussion only. You are responsible for your own risk.