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【Binance Bullish Major Accounts Liquidated, Principal Loss of At Least 20 Million Dollars】

This is the largest single liquidation pushed by Binance that I have observed since tracking the data, a certain bull was liquidated at the price of 105,900 for 200 million dollars;

According to Binance's position and margin rules, the maximum leverage for opening a position of 200 million is 10 times, so the user's margin is at least 20 million dollars;

However, what is quite perplexing is his liquidation price of 105,900. Even if his opening price was at the highest point of 111,000, a position of 200 million can only be opened with leverage below 10 times, so even if he was rolling over the position, it was still done within a leverage of less than 10 times, yet he was liquidated in less than 6 points?