In the platform's default settings, the candlestick chart displays the historical price trend of the platform's latest transaction price. Since XXKK uses a margin ratio liquidation mechanism, when the margin ratio reaches 100%, liquidation is triggered. The transaction price and the liquidation price are provided as reference prices. Once the margin ratio reaches 100%, the liquidation engine will take over your position and start the liquidation process.
Trigger Mechanism:
1. Stop-Loss vs. Liquidation: If your stop-loss is set close to the liquidation price, using the latest transaction price as a reference, the margin ratio may reach 100% before the stop-loss is triggered by the latest transaction price, resulting in liquidation.
2. Price Difference: The latest transaction price for the USDT-M, as well as the mark price and margin ratio, may differ due to supply and demand dynamics.
※ Understanding and monitoring your margin ratio, rather than just focusing on the latest transaction price, can help you avoid unexpected liquidations.