I Opened a Short on LPT with 30× Leverage on Binance and Lost Everything Unexpectedly
May 30, 2025 9:07 pm
75
I’m absolutely shocked and frustrated with what just happened on Binance. I opened a short position on LPT using 30× leverage with ₺300, fully expecting to profit when the price dropped. The price did drop—by nearly $3—yet somehow my entire position was liquidated. It makes no sense. On one screen, it shows I should’ve gained around $70, but on the other, it says my position was liquidated and everything is gone. How is it even possible to lose everything in a short position after the price moves in my favor? I feel completely robbed. I need a full investigation into this trade. Binance needs to explain how this happened and return my lost funds if there was any system error. This experience has destroyed my trust.
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