Those trading contracts should carefully review the platform's rules, as these are rarely announced beforehand. For example, the "early liquidation system" is something I've never heard of before… What are the details? Under what circumstances is early liquidation implemented? This is crucial.
Is the liquidation price calculated based on the market price plus or minus 1%? I don't understand this either, because in 2018, one of my liquidation orders was lower than the lowest market price in the hours before and after the liquidation time 😹…
What constitutes abnormal trading? What are the criteria for determining this? Why is an account frozen if a user doesn't cooperate with reducing their position? Then, if Bitcoin continues to fall and liquidation occurs, if the account isn't frozen, is there a chance for the user to stop their losses instead of suffering a complete wipeout? Are there other better ways to handle this? For example, if it's not early liquidation, could the account have been stopped out earlier instead of being frozen?
These are just some questions regarding the announcement…
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