Futures liquidation occurs when a trader's position is closed because they do not have enough margin to keep it open. It happens at the Mark Price, which is a fair-value estimate to prevent unnecessary closures during market changes.

The liquidation price can change based on factors like your margin mode and market fluctuations. There are also fees associated with liquidation to support the platform's insurance fund.

To stay safe, monitor your margin, understand your risks, and use stop-losses. Educating yourself about liquidation is important for success in futures trading.$BTC