Please note that all liquidation orders are Immediate or Cancel orders. The order will fill as much as possible and cancel the rest. This is different from a Fill or Kill order, which will only execute if the order can be completely executed, or otherwise canceled. The system will first cancel all open orders, then attempt to reduce the user’s margin limit with one large Immediate or Cancel order without fully liquidating the user. If the user is margin compliant after calculating the realized losses and liquidation fee deductions, the liquidation will stop.If the user is still margin deficient, the user’s position will be closed at the bankruptcy price and the Insurance Fund will take over the position as the user is declared bankrupt. A portion of the remaining collateral (if any) will go to the Insurance Fund. If an account becomes bankrupt (negative wallet balance), the Insurance Fund will balance the account back to 0.