Why Did My Positions Get Liquidated?
The fundamental principle of a liquidation protocol is Maintenance Margin > Margin Balance, in which Margin Balance = Wallet Balance + Unrealized PnL.
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Liquidation occurs when the Mark Price (not Last Price) hits the liquidation price of a position and the margin ratio reaches 100%. This means that the Margin Balance is lower than the Maintenance Margin. The liquidation price of a position gets determined by the entry price, position size, and margin balance. Use Binance Futures Calculator to calculate liquidation price before opening a position. You may refer to the Liquidation Protocol for more details.
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