cryptocurrency liquidation

what is liquidation? Liquidation in the cryptocurrency world refers to the process where a trading position is automatically closed due to certain predetermined loss levels being reached. This mechanism is typically associated with margin trading, where traders borrow funds to increase their exposure to the market. When you open a margin trading position, you are required to make a deposit called initial margin. If the value of the position moves against the trader and reaches a certain level, called the liquidation level, the trading platform will automatically liquidate the position to limit losses. Liquidation can be done by selling the underlying asset or through derivative contracts. Liquidation can occur in several cases, for example: When the trader does not have enough margin in their position to cover losses. When the asset price moves rapidly in an unfavorable direction, exceeding the liquidation level. When the margin trading contract reaches its expiration date.

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[DorothyJones-gp]

High quality video content! I have another question: someone transferred me some usdt and I have recovery phrases. How can I monetize them?