Where does my money go after being liquidated, and why is it beneficial for whales to trigger your liquidation price? For example, if I have $1k and I open a long trade on $BTC , then get liquidated, who ultimately benefits from my liquidation?
KEY EVENTS THIS WEEK: Monday May 13: 🇪🇺 European Commission economic forecasts 🇺🇸 USA - inflation expectations (May) 🇨🇭 Head of the Swiss National Bank Tuesday May 14: 🇯🇵 Japan - Producer Price Index (PPI) (Apr) 🇩🇪 Germany - Consumer Price Index (CPI) (Apr) 🇨🇭 Switzerland - Producer Price Index (PPI) (Apr) 🇩🇪 Germany - ZEW Economic Sentiment (May) 🇪🇺 Eurozone - ZEW Economic Sentiment (May) 🛢 OPEC monthly oil market report 🇺🇸 USA - Producer Price Index (PPI) (Apr) 🇺🇸 Powell 🇦🇷 Argentina - Consumer Price Index (CPI) (Apr) 🛢 USA crude oil inventories (API) Wednesday May 15: 🇭🇰 Hong Kong - No trading - The Birthday of the Buddha 🇨🇳 China - 1-year MLF rate 🛢 International Energy Agency monthly oil report 🇪🇺 Eurozone - GDP (Q1 preliminary) 🇺🇸 USA - Consumer Price Index (CPI) (Apr) 🇺🇸 USA - NY Empire State Manufacturing Index (May) 🇺🇸 USA - Retail Sales (Apr) 🛢 USA crude oil inventories (EIA) 🇷🇺 Russia - GDP (Q1 preliminary) Thursday May 16: 🇯🇵 Japan - GDP (Q1 preliminary) 🇪🇺 European Central Bank financial stability report 🇬🇧 Bank of England financial stability report 🇺🇸 USA - Initial Jobless Claims 🇺🇸 USA - Housing Starts (Apr) 🇺🇸 USA - Philadelphia Fed Manufacturing Index (May) 🇺🇸 USA - Industrial Production (Apr) 🛢 USA natural gas inventories (EIA) Friday May 17: 🇨🇳 China - Industrial Production (Apr) 🇭🇰 Hong Kong - GDP (Q1 preliminary) 🇪🇺 Eurozone - Consumer Price Index (CPI) (Apr) 🇺🇸 USA - Leading Economic Indicators (Apr) 🇷🇺 Russia - Consumer Price Index (CPI) (Apr) 🛢 Oil and gas drilling - Baker Hughes
Last week Binance and KuCoin has obtain FIU-IND approval, marking a milestone in Indian crypto regulation. KuCoin pays $41,000 penalty as Binance awaits fine determination amid compliance proceedings. The return of the exchanges to India signals the growing acceptance of cryptocurrencies in India’s regulatory framework.#Binance #Web3 #CryptoExchange