$BTC A $5.45 million short position was liquidated on a perpetual futures contract, with the price around 77743.08.
A beginner asks earnestly: What exactly does getting liquidated mean?
In isolated margin mode, liquidation only wipes out the margin allocated to that position; in cross margin mode, the entire account balance can be used to cover the loss.
This wisecracker's rule: Keep your position small enough to sleep soundly, and set your stop-loss more punctually than your morning alarm.
Understanding this indicator is about avoiding being misled by the numbers, not using it to pinpoint market tops and bottoms.
#BTC
A beginner asks earnestly: What exactly does getting liquidated mean?
In isolated margin mode, liquidation only wipes out the margin allocated to that position; in cross margin mode, the entire account balance can be used to cover the loss.
This wisecracker's rule: Keep your position small enough to sleep soundly, and set your stop-loss more punctually than your morning alarm.
Understanding this indicator is about avoiding being misled by the numbers, not using it to pinpoint market tops and bottoms.
#BTC