What happens if your position gets liquidated on BitMEX?

3 answers

• adviceneededMar 12, 2022 · 4 years ago
  When your position gets liquidated on BitMEX, it means that your margin balance has fallen below the required maintenance margin. This usually happens when the market moves against your position and your losses exceed your available margin. In such cases, BitMEX will automatically close your position to prevent further losses. The liquidation process involves the selling of your position at the prevailing market price. It is important to note that liquidation can result in a significant loss of funds, so it is crucial to manage your risk and use appropriate risk management strategies.
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• RcoderMar 23, 2022 · 4 years ago
  Liquidation on BitMEX can be a stressful experience for traders. When your position gets liquidated, it means that you have lost a significant portion of your funds. BitMEX has a liquidation engine that automatically closes positions when the margin balance falls below the required maintenance margin. This is done to protect the exchange and other traders from potential losses. It is important to understand the risks involved in leveraged trading and to use stop-loss orders and other risk management tools to minimize the chances of liquidation.
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• KongJun 21, 2021 · 5 years ago
  At BYDFi, we understand the concerns and risks associated with liquidation on BitMEX. When your position gets liquidated, it means that you have suffered a loss and your position has been closed by the exchange. BitMEX uses a sophisticated liquidation mechanism to ensure that positions are closed in a fair and efficient manner. It is important to carefully manage your risk and use appropriate leverage levels to avoid liquidation. Our platform offers advanced risk management tools to help traders protect their positions and minimize the chances of liquidation.
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