Revealing how exchanges liquidate users’ long and short orders:

1. I worked in the marketing department of a large exchange before, so I have a good understanding of the internal operations of the exchange.

2. Recently, many people have liquidated both long and short positions. They always find it incredible. It is like the banker always manages his own account. Buying long and short are all positions. Today I will tell you the secret.

3. Under what circumstances will the exchange allow users to liquidate their long and short positions? The exchange background can see the position ratio of all users, including the amount of long and short position funds, and the average price line of long and short positions. Let me give you a simple example: For example, if btc/usdt is at the price of $5,000, the amount of funds for short orders at this time is $200 million, and the average liquidation price for short orders is $5,500; the amount of funds for long orders is $100 million, and the average liquidation price for long orders is at $4500. The exchange's backend statistics system can calculate the profit that the exchange can obtain after the short order is liquidated. When the profit obtained after the short order is liquidated to $5500 is greater than the profit from the long order liquidation, the exchange will report it to the trader in the backend financial system. Add virtual usdt to the account to pull the market. After the short order was liquidated, the exchange obtained the funds for the short order, and then quickly made a correction, reducing the profit from closing the long order. At the same time, virtual btc is added in the background to hit the market and obtain us funds. When the price is low, buy the same amount of virtual BTC and then recycle and cancel the added virtual BTC and ust. The exchange is so empty-handed. #Meme #大盘走势