Сезон 1Епізод 232:21
Liquidation: who pressed the forced-close button?
Головне
Many perpetuals judge liquidation by the mark price and margin rules, not the last trade.
Near the maintenance requirement, the system can reduce or close the position.
A closed position does not come back when the price rebounds.
Швидка перевірка
A leveraged position was liquidated, and later the price went back up. What happens?
Спробуйте самі
Play the same virtual drop-then-rise market, and watch plain spot and a simplified isolated contract separately.
Показати відповідь
The path matters. A contract liquidated midway isn't restored by a later rebound.
Текст уроку
- Sam
The price I'm watching hasn't got there. Why is the alarm going off?
- Nexubo
The last traded price isn't always the price used to judge liquidation. Many perpetuals assess risk using a mark price and margin rules. Check which rules your platform actually uses.
- Оповідач
When the price moves against the position, losses eat into equity. Near the maintenance requirement, the system may cancel orders, reduce the position or force-close it. It won't necessarily wait for your OK.
- Nexubo
Liquidation usually means this forced-close risk event, not your phone's button breaking. The real trigger depends on fees, maintenance margin, margin mode and more. 10x doesn't mean exactly a 10% drop.
- Sam
It went back up later. Can I just wait for it to come back?
- Nexubo
A closed position doesn't come back on its own. A drop and then a rise can end very differently for a leveraged position and for plain spot you just held.
- Sam
Not guaranteed.
- Nexubo
It's not just the destination. It's whether you can survive the path.
- Оповідач
Price barely moved, and you didn't close, but your balance dropped. The final episode is next.
- Оповідач
Understand first, then act.