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Example 1 — A Print Long that rolls over, then fills. BTC is at 70,000. You place a Print Long with a $100 deposit, 10× leverage, and a target of 69,000 (about 1.43% below market). If it fills, your position size is about 0.0145 BTC — a $1,000 notional (100 × 10 ÷ 69,000).
  • Day 1. The order goes live and you’re paid the block’s yield (the exact amount depends on market conditions). Over the next 24 hours BTC dips to 69,200 intraday but never trades at or below 69,000 at the checkpoint. At the 24-hour mark BTC is 70,500 → no fill. The order rolls over to a new target the same ~1.43% below 70,500 ≈ 69,500. The yield you earned stays in the account, and the order runs into the next block.
  • Day 2. BTC drifts down. At the next 24-hour mark it’s 69,300 — at or below your 69,500 target → fill. You open a ~0.0144 BTC long at exactly 69,500, funded by your deposit plus every payout you accrued. From here it’s an ordinary 10× long.
The intraday dip on Day 1 didn’t fill you, you kept all the yield, and you entered at your target price rather than a random intraday level. Example 2 — A Print Short. BTC is at 70,000. You place a Print Short with a $200 deposit, 5× leverage, and a target of 71,500 (about 2.1% above market). Position size if filled: about 0.014 BTC (200 × 5 ÷ 71,500). Each 24-hour block pays you a yield. If BTC is at or above 71,500 at a checkpoint, you open a short at 71,500; otherwise the target rolls to the same ~2.1% above the new market price and you keep earning. Example 3 — Leverage changes both your yield and your liquidation price. Same Print Long (target 69,000, $100 deposit), before any yield has accrued:
LeveragePosition sizeNotionalLiquidation price
2×0.0029 BTC$200~34,500
10×0.0145 BTC$1,000~62,100
20×0.0290 BTC$2,000~65,550
Higher leverage pays more yield, but the liquidation price climbs toward your 69,000 target — at 20× the market only has to fall about 5% below your target to wipe the position. (Earned yield adds to your margin, so each cycle nudges the liquidation price a little further away.)