The code is law. Your margin call is just a suggestion you can't refuse.Satoshi Nakamoto (not really)
In Bitcoin, code is absolute. In leveraged trading, so is the liquidation engine.
Leverage allows traders to borrow funds to amplify their positions β 100x leverage means a 1% price move doubles your money or wipes you out. In crypto markets, billions of dollars in leveraged positions are liquidated during volatile moves. "Getting rekt" (wrecked by liquidation) is so common that tracking sites exist just to display real-time liquidation data. It's the fastest way to turn Bitcoin into a zero-sum casino.
If you liked this quote, you'll love hearing Satoshi's voice. 21 comedy podcast episodes of fake intercepted transmissions from the creator of Bitcoin.
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