Replying to Deleted Account

When a short or long is liquidated, what entity ends up with the #Bitcoin that was posted as collateral? Is it whoever is buying at the point in time on said exchange?

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Kevin 1y ago

From what I understand, you're correct. Basically the holding exchange/company does a market sell to cover their costs. Which is how we pick up cheap sats.

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Deleted Account 1y ago

Thank you for the meaningful reply 🫡🫡