Let’s talk about the insurance fund and ADL.
Auto-deleveraging (ADL) is a last-resort mechanism in the liquidation system, usually activated only when the insurance fund can’t cover losses from bankrupt positions.
Honestly, I only figured this next point out later: setting a stop-loss yourself usually costs less than waiting to be liquidated, since liquidation generally comes with an extra liquidation fee.
For reference: $BTC is quoted at 82269.31 (24h +1.34%).
Don’t rush into a trade just because everyone else is doing it.
Auto-deleveraging (ADL) is a last-resort mechanism in the liquidation system, usually activated only when the insurance fund can’t cover losses from bankrupt positions.
Honestly, I only figured this next point out later: setting a stop-loss yourself usually costs less than waiting to be liquidated, since liquidation generally comes with an extra liquidation fee.
For reference: $BTC is quoted at 82269.31 (24h +1.34%).
Don’t rush into a trade just because everyone else is doing it.