Let's talk about the insurance fund and ADL.
On Binance, when a position is liquidated, a liquidation fee is also charged based on its notional value and fee rate. Binance collects the fee and may transfer some or all of it to the insurance fund when necessary.
One point worth considering: ADL is designed to prevent losses from going uncovered. A side effect is that a small number of profitable positions may be partially reduced by the system.
After ADL occurs, your position may be unexpectedly reduced, so you should review your original take-profit and stop-loss orders and hedging plan.
A quick look: $BTC , current price 74934.37, 24h -1.25%.
#BTC
In highly volatile markets, risk management comes first.
On Binance, when a position is liquidated, a liquidation fee is also charged based on its notional value and fee rate. Binance collects the fee and may transfer some or all of it to the insurance fund when necessary.
One point worth considering: ADL is designed to prevent losses from going uncovered. A side effect is that a small number of profitable positions may be partially reduced by the system.
After ADL occurs, your position may be unexpectedly reduced, so you should review your original take-profit and stop-loss orders and hedging plan.
A quick look: $BTC , current price 74934.37, 24h -1.25%.
#BTC
In highly volatile markets, risk management comes first.
