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[Zero-based Contract] 017:Forced Partial Liquidation
For position at Tier 2 or above, Forced Partial Liquidation occurs when the Margin Ratio is lower than the required Maintenance Margin Ratio.
You can find out the Position gear introduction in the trading zone or checking it by the link:https://www.bitget.cc/en/contract/positiongear?code=cmt_btcusdt
2.Forced Partial Liquidation process
1.Bitget will calculate the forced partial liquidation number according to the difference between the number of current swaps and the maximum number of swaps after lower two gears.
2.Then, system will post an order with the price slightly better than market price to close the position that need to be liquidated partially.
3.During the time, the position will be frozen and not be controlled by the user, open and close position is not available and the position margin can not be deducted, the open orders will be canceled and users can not adjust lever, position margin can be added.
4.System will detect if the forced partial liquidation order completed after a while
(1) If the order was completed and the margin Ratio of the remaining position reach the risk control requirements, then the remaining liquidation orders will be canceled, and the user’s control over the position is restored.
(2) If the order is not completed ,and the margin Ratio of the remaining positioncan not reach the risk control requirements, then the unfilled liquidation orders will be canceled. The liquidation procedure will start over again. This process will be repeated until the latest Margin Ratio meets risk control requirements.
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