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A liquidation occurs when your position moves against you and your account equity falls below the required maintenance margin. Expand a question below for details.
When this happens:
  • Your position is automatically closed by the system
  • You will see “Market Liquidation” in your Trade History
  • The position size will be reduced to zero (or partially reduced if partial liquidation applies)
  • Your available balance and margin will update accordingly
Liquidations are triggered based on mark price and maintenance margin requirements, not just last traded price.You can read more about how liquidations work on Pacifica in Liquidations.
This is most likely a result of cross margining.
  1. When you are using cross margin, all your open positions share the same margin pool.
  2. The displayed liquidation price is conditional: it typically assumes your other positions don’t change materially.
  3. When multiple positions move against you at the same time: losses are accumulated across multiple positions simultaneously.
  4. This means shared margin was consumed faster: your total account equity drops quicker than a single-position estimate.
  5. Liquidation thresholds adjusted upward in real time: as equity falls, the effective liquidation prices for each position increase.
  6. Liquidation triggered at the account level: once total margin fell below requirements, liquidation occurred even if one market hadn’t reached the originally displayed price.
How to prevent this:
  1. Use isolated margin if you want more stable, predictable liquidation prices per position.
  2. Avoid holding multiple correlated positions at high leverage on cross margin.