Unrealized gains on a position—do they count as real profits?
First, what they are: unrealized P&L on a long position = (mark price − entry price) × position size; for a short position, it’s (entry price − mark price) × position size.
The logic behind it: in cross-margin mode, unrealized profits are added to the margin balance to help absorb volatility in other positions. If the price pulls back, this buffer shrinks too.
Back to the market: $BTC current price 76616.88 (24h -0.35%).
Before opening a position, check the liquidation price. If it’s too close to the current price, reduce your position size.