๐จ *LIQUIDATION ALERT!* ๐จ
Ever wondered where your funds go when you get liquidated on Binance Futures? Spoiler: Itโs not coming backโฆ and itโs definitely not going to the moon!
๐ธ *That liquidation money?*
โก๏ธ It goes straight to Binanceโs *Insurance Fund* โ the vault that benefits when traders falter.
๐ฅ *20x leverage felt cuteโฆ*
Until that red wick said: โThanks for the donation!โ โ Binance Insurance Fund, probably.
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๐ก Want to stop donating your bags?
- โ *Learn risk management*
- โ *Set that STOP LOSS*
- โ *Donโt YOLO max leverage*
- โ *Trade like a savage, not a victim*
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๐ Binance Futures Insurance Fund Explained
When a trader's position is liquidated, the remaining margin, if any, is added to Binanceโs Insurance Fund. This fund is used to cover losses from bankrupt positions, ensuring that profitable traders receive their payouts without disruption. In extreme cases, if the Insurance Fund can't cover the deficit, Binance may intervene to maintain platform stability. [1]
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โ ๏ธ Remember:
[16/04, 10:18 am] ChatGPT: - *Liquidation = Donation* to the Insurance Fund.
- *Stop Losses* are your safety net.
- *Risk Management* is your best friend.
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Tag that friend whoโs always โone candle awayโ from liquidation! Drop a comment if Binance took your money today. Follow for more hard truths & trading memes! ๐ฌ๐