According to the official announcement, as part of the risk control measures, Binance Futures Copy Trading Platform has upgraded the public domain order-taking cooling-off period function.
Starting from 16:00 (Eastern Time Zone 8) on October 14, 2024, the system will cancel all unfulfilled orders and close the current unsettled positions at the market price for public domain order-taking projects that meet the following two standards at the same time:
AUM ≥ 500,000 USDT, and
7-day maximum drawdown (MDD) ≥ 20%
Note:
When unfulfilled orders and positions are canceled/closed, the trading function will be disabled for 24 hours;
The system will perform a check every 2 hours;
Public domain order-taking projects that have triggered this rule will not be checked again in the next 7 days.