$BTC A $2.22 million long position was liquidated in the perpetual contract market during trading.
Let’s talk about what lies behind this number.
Liquidation (commonly known as getting liquidated) means that when losses on a leveraged position cause its margin to fall below the maintenance margin requirement, the system closes the position according to its rules.
Don’t use leverage to try to win back your losses; this is often how a string of liquidations begins.
Keep sufficient margin for leveraged positions, and don’t let a sudden price swing wipe out your position in one go.
Let’s talk about what lies behind this number.
Liquidation (commonly known as getting liquidated) means that when losses on a leveraged position cause its margin to fall below the maintenance margin requirement, the system closes the position according to its rules.
Don’t use leverage to try to win back your losses; this is often how a string of liquidations begins.
Keep sufficient margin for leveraged positions, and don’t let a sudden price swing wipe out your position in one go.
