#合约爆仓
Where did the money from the liquidation of contracts go?! One image to understand: liquidation ≠ platform making money, the truth hurts...
Many people play contracts, and only at the moment of liquidation do they ask: Who made the money I lost?
Come on, let's get straight to the point $BTC
Loss before liquidation → Earned by the counterparty!
Loss after liquidation → Covered by the platform (or more losses)!
Funding rate → Whoever goes against the trend has to pay the counterparty!
Transaction fees → All go to the platform, which then shares a bit with market makers!
Key point: **The platform is not the big player!** Don't blame the wrong party; the ones actually harvesting are the market makers!
Just a reminder:
High leverage = quick death switch, don't gamble your life.
Transaction fees are charged both ways; back and forth, it's all cutting you.
Severe liquidation hurts the platform itself, which is why there is an ADL mechanism to prevent liquidation.
Playing contracts isn't scary if you lose; what's scary is if you don't understand anything and still go all in.
In a nutshell: Understand the rules to survive! #币安Alpha上新