🩸🩸🎈🎈 Reason for the collapse $AIA $BTC $BNB
🎈🎈 Binance Futures is scheduled to close all positions and conduct an automatic settlement on the AIAUSDT perpetual contract on USDⓈ-M on 2025-12-11 12:15 (UTC). After the settlement, the contract will be delisted. Users are advised to close any open positions before the cancellation time to avoid automatic settlement. As of 2025-12-11 11:45 (UTC), users will not be able to open new positions for the specified contract.
During the last hour before the scheduled settlement time, the futures contract insurance fund will not be used to support the liquidation process for the futures contract. Any liquidation that occurs during this period will be executed as a single immediate or cancel (IOCO) order, which will be dumped into the market in one attempt. If the execution of the IOCO leaves enough assets in the user's account to meet the required maintenance margin,
the liquidation will stop. However, if the IOCO fails to fully reduce the position to meet the maintenance margin requirements, any incomplete portion will be resolved through the automatic liquidation process (ADL). Users are strongly advised to monitor and manage open positions during this last hour due to potential increased volatility and decreased liquidity.
