When going long on Bitcoin, why is the P&L calculated in USDT for some contracts and BTC for others?
For people holding BTC spot, when hedging with a coin-margined short, the short position’s margin and the asset being protected are the same coin. This is one of the commonly cited use cases for coin-margined contracts.
Useful knowledge won’t make me rich overnight, but it can help me avoid some pitfalls.
Before placing an order, calculate the liquidation price. If it’s too close to the current price, reduce your position.
$BTC 79869.97 (-1.33%)
For people holding BTC spot, when hedging with a coin-margined short, the short position’s margin and the asset being protected are the same coin. This is one of the commonly cited use cases for coin-margined contracts.
Useful knowledge won’t make me rich overnight, but it can help me avoid some pitfalls.
Before placing an order, calculate the liquidation price. If it’s too close to the current price, reduce your position.
$BTC 79869.97 (-1.33%)
