Analysis of Possible Reasons for the LINA Liquidation Bug on Binance Contracts
In my previous post, I mentioned the abnormal liquidation issue of lina that occurred on March 25 at 17:14:33. Many other people commented below saying they encountered the same issue, all at this time, within no more than 1 second. Regardless of whether you were going long or short, or how much margin you had in your account, everything was liquidated, and the account was wiped out.
The process of excluding various possibilities is quite complex. After writing some, I deleted them. Now, I won't beat around the bush and will directly give my conclusion: this liquidation was caused by the continuous decline in the price of lina and the adjustment of trading pair precision by Binance.