Liquidation
Forced closure of a leveraged position when its margin is exhausted.
When a leveraged position's loss approaches the trader's margin, the exchange auto-closes it to protect itself and any insurance fund. Long liquidations happen as price falls; short liquidations happen as price rises. Traders commonly read clustered liquidation levels as places where forced selling or buying would add to a move if price reached them; that is a reading, not a forecast. We publish a live LiqMap showing the aggregate liquidation pressure by price level and a calculator that tells you exactly where your own position gets liquidated.
See it live on ByKaranteli
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