"Zero-based Contract" is a series of perpetual contract series popular sciences of Bitget. It provides multi-dimensional guides for contract users through graphic tutorials, comics, videos, etc. so that zero-based users can easily get started.
[Zero-based Contract] 018: Liquidation
When a user's maintenance margin ratio tier is 1 and the margin ratio falls below the maintenance margin ratio, the all of swaps will be taken over by the forced liquidation engine with the bankruptcy price.
Relevant links: https://bitget.zendesk.com/hc/en-us/articles/360034902232
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
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 not available to added.
Bitget official channel
Facebook: Bitget Exchange
Telegram Chinese Community： https://t.me/bitget_cn
Telegram English Community： https://t.me/bitget_en