Is it also caused by the linausdt contract?
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高风险易爆仓
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#LINA reported a huge flaw in a Binance contract, wondering if anyone else has encountered it, with abnormal liquidation, as shown in the picture below.
On the afternoon of March 25, I held two positions.
Position 1 was a long position in LINA, with an opening price of 0.001681, at that time holding 9,812,139 units (the maximum holding amount was 13,478,211, I had previously closed part of it).
The position value was approximately 0.001681*9,812,139=16,494, which means that I would only lose 16,494u if LINA's price dropped to 0, at that time the unrealized profit and loss was about -8000u.
Position 2 was a long position in AUCTION, with an opening price of 20.841172, holding 2000 units, the price at the time of the incident was about 20.08, the unrealized profit and loss was approximately -1600.
At that time, my account had about 44,567 in margin, yet under such circumstances, I was liquidated, and the margin in my account was also cleared.
I have been trading contracts on Binance for a long time, and recently the projects I followed were decent enough to be featured on Binance's homepage recommendations, I never expected that there would be such issues with Binance's contracts.
On the afternoon of March 25, I held two positions.
Position 1 was a long position in LINA, with an opening price of 0.001681, at that time holding 9,812,139 units (the maximum holding amount was 13,478,211, I had previously closed part of it).
The position value was approximately 0.001681*9,812,139=16,494, which means that I would only lose 16,494u if LINA's price dropped to 0, at that time the unrealized profit and loss was about -8000u.
Position 2 was a long position in AUCTION, with an opening price of 20.841172, holding 2000 units, the price at the time of the incident was about 20.08, the unrealized profit and loss was approximately -1600.
At that time, my account had about 44,567 in margin, yet under such circumstances, I was liquidated, and the margin in my account was also cleared.
I have been trading contracts on Binance for a long time, and recently the projects I followed were decent enough to be featured on Binance's homepage recommendations, I never expected that there would be such issues with Binance's contracts.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.