Consolidating and get liquidated (rekt) has a different meaning. Consolidating happens in chart, while get liquidated is happens to your capital. Price consolidation can happen when price is in uptrend or downtrend (more technical analysis taste). While get liquidated can happens every seconds.
Conclusion that i can drew from "story" that you wrote in this thread, at this time there is a possibility that your capital is going into a liquidation phase (get rekt). It is possible that you use high leverage but you are not preparing for the worse scenario possibilities that can occur.
The risk when you do trade in futures/margin market will be different when you trade in the spot market.
Answering your question.
FUNDS THAT WERE LOST DURING TRADING, MOST ESPECIALLY When prices drop goes where?
Money will switch ownership. When you experience a loss, your (fund) loss will turn into profit (fund) for some traders. The profit earned by the broker (exchange) is limited only to trading fees and withdrawal activities. When you did buy or sell, there are fees charged. Same as withdrawal, there's a fees must be paid when you want to withdraw your funds.
Some suggestion, please read what Tytanowy Janusz wrote (above my current post) :
First of all
I don't want to be mean but i think that i must say that to save your money. Your knowledge about how market works is very low. If you think about trading with leverage than stop it and educate yourself. You have lots to know before first trade.