A few newcomers have asked me about this recently, so I thought I’d put together a quick explanation.
Conditional orders can be set to trigger based on either the latest price or the mark price. The two trigger methods can behave differently during a price wick.
Liquidation isn’t triggered directly by the latest price, which helps reduce unnecessary cascades of liquidations caused by brief abnormal price movements in a market.
For reference, the current price is 75969.99 (24h -0.27%) for $BTC .
If there’s anything I haven’t covered, feel free to discuss it in the comments.
#BTC
Conditional orders can be set to trigger based on either the latest price or the mark price. The two trigger methods can behave differently during a price wick.
Liquidation isn’t triggered directly by the latest price, which helps reduce unnecessary cascades of liquidations caused by brief abnormal price movements in a market.
For reference, the current price is 75969.99 (24h -0.27%) for $BTC .
If there’s anything I haven’t covered, feel free to discuss it in the comments.
#BTC