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any insight on how I got liquidated?

Binance

Cryptocoins Exchanges / Binance 111 Views

Last night time 22.15pm purchased Β£100 of xrp on xrp/busd x5. Purchase worth zero.4922. Went to sleep and awakened this morning funds are gone. Lowest it went to have been .4811.

It is my understanding that at x5 it might have to drop 20% to be liquidated, however it only dropped (~2%?)

I realise funds are gone so my calculations have been obviously incorrect, just a few assist understanding why can be very useful, thanks prematurely

submitted by /u/FrustyCoreskin
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