liquidation price was $46300 in btc. The price has fall under $46000 saturday. Again, I´m verry happy because I haven´t been liquidated. But I´d like to know why not?
Hi Nathan, Please write PM to me.
Because of the insurance?
“This is mainly due to the fact that the previous Coinbase Oracle updates the mark price a lot slower during volatile times. So your position wasn’t liquidated because the mark price wasn’t updated until the market calmed down and returned to 47,000+ levels. However, proposal 82 was passed recently and the BTC-USDT Perp market is now using Band Oracle. This means that if there is another market volatility like what we saw on Friday, your position would have been liquidated as Band updates the price feed a lot more frequently. You can check out band’s price feed here:https://data.bandprotocol.com/symbol/BTC”
Thanks GOD! ANd thanks coinbase oracle rsrs
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