The traded price has already wicked past the liquidation price. Why is the position still open?
One detail: Liquidations are based on the mark price. If the latest traded price briefly wicks past the liquidation price but the mark price doesn’t reach it, the position generally won’t be liquidated.
The mark price and latest price are usually very close, but they can diverge during sharp market moves. In those moments, use the mark price to gauge how close you are to liquidation.
Remember this—it’s more useful than memorizing a bunch of jargon. Don’t place trades just because everyone around you is doing it.
Price at the end: $BTC , quoted at 75963.56, 24h -0.26%.
One detail: Liquidations are based on the mark price. If the latest traded price briefly wicks past the liquidation price but the mark price doesn’t reach it, the position generally won’t be liquidated.
The mark price and latest price are usually very close, but they can diverge during sharp market moves. In those moments, use the mark price to gauge how close you are to liquidation.
Remember this—it’s more useful than memorizing a bunch of jargon. Don’t place trades just because everyone around you is doing it.
Price at the end: $BTC , quoted at 75963.56, 24h -0.26%.