If my account holds multiple types of collateral, which one gets used first during liquidation?

If there are unfilled pending orders, the system cancels them first to release the margin they were using. Multiple types of collateral are then used or deducted in the order USDC, USDT, BTC, ETH, SOL. If multiple positions need to be liquidated, the system closes them from largest to smallest position value until your account is back within the Maintenance Margin Ratio requirement. If your account still shows a negative balance after the collateral is exhausted, the system zeroes out the negative balance — MC Markets absorbs the resulting loss.

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