I'm really speechless, the unified account function, when the contract is automatically closed, the spot is still sold, since the contract is associated with the spot, why is the spot still the contract automatically closed, isn't this a clear robbery?

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Yunxivip
· 2024-03-20 00:15
Hello, when the Total Maintenance Margin Rate <=100%, the system will start the forced liquidation process to reduce the risk level of your account. The system will first cancel all pending orders and check if the Total Maintenance Margin Rate is greater than 100%, and if so, terminate the liquidation process. If the total maintenance margin ratio does not return to more than 100% after the order is cancelled, the system will close the contract position first and then process the loan. For USDT perpetual positions, the system will give priority to closing positions with good market liquidity according to market liquidity. A maximum of 10,000 contracts can be closed each time. After the liquidation is completed, check whether the total maintenance margin ratio of the account is > 100%, and if it has been met, the liquidation will be terminated. This is a description of the unified account risk control mechanism, you can take a look at it: https://www.gate.ac/zh/help/unified_account/risk_control_mechanism/33015
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Ziluovip
· 2024-03-19 23:29
The unified account is indeed garbage, although the utilization rate of funds is high, but the risk is also much higher than that of isolated positions
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