What is forced liquidation?
The margin rate is a measure of the user's asset risk. When the margin rate is less than or equal to 0%, your position will be forced to liquidate by the system.
Margin rate = (account equity/occupied margin) * 100%-adjustment factor
Among them: occupied margin = position margin + frozen margin
What is estimated liquidation price?
Estimated liquidation price refers to the market price when the margin rate = 0% (this price is only for investors' investment reference), and the actual forced liquidation price is subject to the latest transaction price when the trigger margin rate = 0%.
What is the takeover price?
When the latest transaction price reaches the forced liquidation price, the forced liquidation will be triggered. At that time, the position will be taken over by the system at the takeover price (that is, the price when the user's account equity returns to zero). Since the forced liquidation takeover process does not go through the matching system, the price of this takeover will not be displayed on the K-line, and the takeover price is not equal to the actual forced liquidation price.