If you notice the number is yellow meaning he got margin called. He didn’t want to sell but the price of BTS got too low and he has to pay back his loan. It was actually 54 million BTS ($13 million)
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If you notice the number is yellow meaning he got margin called. He didn’t want to sell but the price of BTS got too low and he has to pay back his loan. It was actually 54 million BTS ($13 million)
Holy shnikies...brutal stuff brother
thanks for the clarification BB...haven't used leverage on the DEX so wasn't aware...cheers friend
Yeah no problem. It’s crazy when it happens. They are forced to sell to pay back the loan. Always gotta watch the margin lol
How does one buy the yellow selling order?
every time i see one, there are buying orders in place for the specified price, but its not precessed for some reason..
You can not buy it directly. You can buy only in case when there are not enough funds for the specified price in the market. If the price goes down lower then this collateral is left behind.
Yeah thanks for that info. I'm still trying to figure out using leverage and am considering jumping in shortly but that is pretty scary right there.
lol, WOW nice find.