Past me: rush in first, figure it out later. Present me: understand the rules.
This lesson’s topic: isolated margin and cross margin
In cross margin mode, the liquidation price is generally farther from the current price, but if you’re liquidated, you’ll lose your entire account balance.
Before opening a position, check your current margin mode. Don’t wait until you’re liquidated to realize you’re using cross margin.
Price at the end: $BTC Current price 78048.28, 24h -2.25%.
#BTC
This lesson’s topic: isolated margin and cross margin
In cross margin mode, the liquidation price is generally farther from the current price, but if you’re liquidated, you’ll lose your entire account balance.
Before opening a position, check your current margin mode. Don’t wait until you’re liquidated to realize you’re using cross margin.
Price at the end: $BTC Current price 78048.28, 24h -2.25%.
#BTC
