The dangerous part of today’s futures delisting is no longer just the deadline. Traders are adding leverage into it.
As of 06:28 UTC, open interest in Binance’s $1000000BOB perpetual was up 149% over 24 hours, with funding at +2.000%. $PUMPBTC open interest was up 108.1%, with funding at +1.049%.
#Binance will block new non-reduce-only orders at 08:30 UTC and automatically settle remaining positions at 09:00 UTC. During the final hour, the Futures Insurance Fund will not support liquidations; Binance will use a one-shot IOCO, with unresolved amounts potentially moving to ADL.
Direction is now secondary. Execution and forced-close risk are the real trade. Waiting for 09:00 means handing control to the settlement process.
As of 06:28 UTC, open interest in Binance’s $1000000BOB perpetual was up 149% over 24 hours, with funding at +2.000%. $PUMPBTC open interest was up 108.1%, with funding at +1.049%.
#Binance will block new non-reduce-only orders at 08:30 UTC and automatically settle remaining positions at 09:00 UTC. During the final hour, the Futures Insurance Fund will not support liquidations; Binance will use a one-shot IOCO, with unresolved amounts potentially moving to ADL.
Direction is now secondary. Execution and forced-close risk are the real trade. Waiting for 09:00 means handing control to the settlement process.
