$SOL A $983,000 long position was liquidated in the perpetual futures market.
Whenever I see a report of a large liquidation, I instinctively check my own leverage. At first, I only knew that getting liquidated was frightening. Gradually, I came to understand that liquidation occurs when losses on a leveraged position reduce the margin below the maintenance margin, causing the system to close the position automatically. The higher the leverage, the closer the liquidation price is to the entry price.
All data describes past market movements; the market could move in the opposite direction at any time.
Whenever I see a report of a large liquidation, I instinctively check my own leverage. At first, I only knew that getting liquidated was frightening. Gradually, I came to understand that liquidation occurs when losses on a leveraged position reduce the margin below the maintenance margin, causing the system to close the position automatically. The higher the leverage, the closer the liquidation price is to the entry price.
All data describes past market movements; the market could move in the opposite direction at any time.