⚠️ BITOUSDT on Binance Futures is about to have its contract size adjusted due to a reverse split
Binance Futures will adjust the contract size of the USDⓈ-M BITOUSDT perpetual contract starting at 01:00 (UTC) on 19/11/2026. This is because ProShares Bitcoin ETF (NYSE Arca: BITO), the contract’s underlying asset, is carrying out a 1-for-2 reverse stock split. Every 2 old shares will be consolidated into 1 new share. The Adjustment Scale Factor is 0.5. The process is expected to be completed at 03:30 (UTC), followed by a cancel-only period lasting up to 5 minutes.
Key points for traders to note:
- At 00:45 (UTC), all strategy bots on this contract (Grid, DCA, Snowball) will be stopped and their positions automatically closed, regardless of whether "Close all positions on stop" is enabled. Bot positions will not be restored after the adjustment.
- During the adjustment, the contract will be temporarily suspended: all open orders, including reduce-only TP/SL orders, will be canceled. Trading, position closing, order placement/modification/cancellation, funding fees, mark price, price index, and liquidations will all be paused.
- Open positions will be closed first, and unrealized PNL will be settled to the Cross Margin Futures account. For isolated positions, realized PNL and all margin will be transferred to Cross Margin, after which the positions will be reopened.
If you’re holding a BITOUSDT position or running a bot, you should review your TP/SL orders and prepare ahead of this time window. Will you keep your position open or close it before the adjustment takes place? (This is not investment advice)
#Binance #BinanceFutures #CryptoNews
Source: Binance Announcement · Binance News
#hoangducinvest
Binance Futures will adjust the contract size of the USDⓈ-M BITOUSDT perpetual contract starting at 01:00 (UTC) on 19/11/2026. This is because ProShares Bitcoin ETF (NYSE Arca: BITO), the contract’s underlying asset, is carrying out a 1-for-2 reverse stock split. Every 2 old shares will be consolidated into 1 new share. The Adjustment Scale Factor is 0.5. The process is expected to be completed at 03:30 (UTC), followed by a cancel-only period lasting up to 5 minutes.
Key points for traders to note:
- At 00:45 (UTC), all strategy bots on this contract (Grid, DCA, Snowball) will be stopped and their positions automatically closed, regardless of whether "Close all positions on stop" is enabled. Bot positions will not be restored after the adjustment.
- During the adjustment, the contract will be temporarily suspended: all open orders, including reduce-only TP/SL orders, will be canceled. Trading, position closing, order placement/modification/cancellation, funding fees, mark price, price index, and liquidations will all be paused.
- Open positions will be closed first, and unrealized PNL will be settled to the Cross Margin Futures account. For isolated positions, realized PNL and all margin will be transferred to Cross Margin, after which the positions will be reopened.
If you’re holding a BITOUSDT position or running a bot, you should review your TP/SL orders and prepare ahead of this time window. Will you keep your position open or close it before the adjustment takes place? (This is not investment advice)
#Binance #BinanceFutures #CryptoNews
Source: Binance Announcement · Binance News
#hoangducinvest