$HYPE A $559,000 long position was liquidated during this round of volatility in perpetual contracts.
Let's use this figure to talk about liquidations.
The amounts reported are based on the notional value of the position, not the actual amount lost: with isolated margin, when a 10x leveraged position is liquidated, the loss is roughly 10% of the notional value in margin.
When liquidation amounts are large, market sentiment is usually just as extreme. Opening a position hastily at such a time can easily mean chasing the market at the peak of its volatility.
Keep more margin on leveraged positions, and don't let a single wick wipe you out.
#HYPE
Just my personal take; I may not be right. Please think critically.
Let's use this figure to talk about liquidations.
The amounts reported are based on the notional value of the position, not the actual amount lost: with isolated margin, when a 10x leveraged position is liquidated, the loss is roughly 10% of the notional value in margin.
When liquidation amounts are large, market sentiment is usually just as extreme. Opening a position hastily at such a time can easily mean chasing the market at the peak of its volatility.
Keep more margin on leveraged positions, and don't let a single wick wipe you out.
#HYPE
Just my personal take; I may not be right. Please think critically.