I used to trade on Bybit and this kind of thing never happened there so I’m just trying to establish why this happened on Bitget? Is it because there are not many people trading ‘PI’ on Bitget and therefore, if I’ve have been trading one of the bigger coins like BTC or ETH, it wouldn’t have happened? Or is there an entirely different reason?
None of these your assumptions could have been the cause or reason to your experienced with your SL going beyond your purportedly $50 set SL in your trade.
How do you know there are not many traders trading Pi? Perhaps you must have missed it at the point you placed your SL thinking it was going to be $50 loss at most. How is it you're trading other pairs and not getting same experiences, don't you think it might not be from bitget but your own mistake.
Anyway, sorry about your losses.