Binance's unified account liquidation is indeed something. Margin call within one minute at 79000, 5x leverage BTC down to 75000, is that a liquidation?? A liquidation of one contract can affect other assets or positions, for example, if you lose on the BTC contract, your holdings of ETH and BNB might also be used to cover the position;

2. Risk control black box: The liquidation mechanism and risk assessment are all black box operations, and even the calculation method of the liquidation price is not disclosed;

3. Clearing fees are inexplicable: Once liquidated, the platform will charge a huge "clearing fee," which may exceed the loss you could originally bear.

What do you mean by "5x leverage liquidates at a 5% drop"?

Let's look at the mathematical relationship between leverage and liquidation:

Assuming:

• Initial capital: 100 USDT

• Leverage: 10x → Opening value = 1000 USDT

• Assuming you go long (buy) BTC, ignoring fees and slippage

BTC drops by 5% → Your position value changes from 1000 to 950

Your loss = 50 USDT, while your initial capital is 100 USDT

At this point:

You have lost 50%, margin ratio = (Remaining margin / Position value) = (50 / 1000) = 5%

If the platform sets the maintenance margin ratio at 6% or higher, then liquidation will trigger even if the price hasn't dropped by 5%.

📌 In other words, even if you haven't lost everything, to mitigate its own risk, the platform will liquidate you early.