BlockBeats News, November 25th: In the recent event where the violent fluctuation of Bitcoin caused the liquidation of nearly 120,000 people, KiloEx observed a counterintuitive phenomenon: over 70% of the liquidations came from long positions, and most were not due to the end of a trend, but rather were liquidated due to a short-term "price spike." This reveals the core contradiction of high-leverage trading: the true source of risk is often not a wrong directional bet, but a risk management model that does not leave enough buffer space for market noise.In this scenario, the decentralized derivatives trading platform KiloEx officially launched its core risk management mechanism, the "Unified 90% Liquidation Line." This mechanism breaks industry conventions by not adjusting the liquidation point earlier as leverage increases, instead providing a fixed 90% loss threshold for all positions. In comparison, under 100x leverage, KiloEx users have a -90% liquidation buffer, which is significantly higher than the -50% design of a certain mainstream platform, effectively doubling their resilience to volatility. This move aims to address the core pain point of high-leverage traders being liquidated prematurely due to sudden market fluctuations.