can bitmex liquidation

If you suspect your BitMEX liquidation resulted from a technical glitch or exchange error, prompt action is required to initiate a review by providing supporting documentation to their support team.

Oct 30, 2024 at 07:02 pm

Can BitMEX Liquidation Be Reversed?

Liquidation on BitMEX is an automatic process that occurs when a trader's margin balance falls below a certain threshold. This can happen when the market moves against the trader's position, or if the trader uses too much leverage.

Once a liquidation occurs, the trader's position is closed and their margin balance is wiped out. In most cases, this means that the trader loses all of the money that they had invested in the trade.

However, there are some cases where a BitMEX liquidation can be reversed. This can only happen if the liquidation was caused by a technical error or a mistake on the part of BitMEX.

Steps to Reverse a BitMEX Liquidation

If you believe that your BitMEX liquidation was caused by a technical error, you can contact BitMEX support and request a review. You will need to provide documentation to support your claim.

If BitMEX agrees that the liquidation was caused by a technical error, they will reverse the liquidation and restore your margin balance.

If the liquidation was not caused by a technical error, you may still be able to get it reversed if you can prove that it was caused by a mistake on the part of BitMEX. For example, if the exchange made an error in calculating your margin balance, you may be able to get the liquidation reversed.

To prove that BitMEX made an error, you will need to provide documentation that supports your claim. This may include screenshots of your account balance, trade history, and any other relevant information.

Conclusion

BitMEX liquidations can be reversed in some cases, but it is important to understand that this is not a common occurrence. If you believe that your liquidation was caused by a technical error or a mistake on the part of BitMEX, you can contact support and request a review.