Today, two conditional empty orders #SUIUSDT were rejected. After some exploration, I finally understood the reason: Binance has set a maximum nominal value limit based on leverage for each contract (such as SUIUSDT), which is related to account level or other factors, to control risk. For example, the maximum nominal value for SUIUSDT at 75x leverage is 20000u, and my position and the take-profit order I set together exceed 20000u, so under the current leverage, I cannot place a new order.
Does anyone know why the conditional order would be rejected? It triggers at the specified price, and the market order placed has sufficient available capital; I only have 2 positions and 4 orders.
I was fortunate to witness this historic event throughout.
BitSnail
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The Black Swan Returns: A Cryptocurrency Catastrophe Triggered by Tariffs '1011'
The short positions of the whales surged in the undercurrent, the funding chain of market makers broke at the edge of the cliff, and a storm sweeping global risk assets quietly began in Washington.
On October 11, 2025, the cryptocurrency market experienced a historic 'epic liquidation'. Over 1.6 million investors suffered heavy losses within 24 hours, and the total liquidation amount reached 19.1 billion USD, setting a record in the history of cryptocurrency contract trading over the past decade.
This crash, referred to by the market as the '1011 Incident', not only caused the total market value of cryptocurrencies to evaporate by more than 600 billion USD in a short period, but also acted like a precise surgery, accurately piercing the high-leverage bubble and exposing the deep structural risks of the cryptocurrency market.
Six Iron Rules for Cryptocurrency Trading: Surviving is the Hard Truth
In trading, misjudging the direction is common; the key lies in how to handle it. Here are six core principles validated by the market:
1. Stop-loss must be quick; it's not about being wrong but about dragging it out. Once you realize the direction is wrong, you must decisively stop-loss. Delaying is the main reason for expanding losses.
2. Learn to wait with purpose. After closing a position, do not rush to open a new one. True trading wisdom lies in waiting, such as waiting for a clear trend or the emergence of key signals.
3. Capital is always more important than opportunities. Losing your principal means that even if better market conditions arise later, they won't matter to you. Always choose to preserve your capital over opportunities.
4. Mindset management is the foundation of profitability. Stay calm and determined, avoiding unnecessary losses or profit retracement that can affect subsequent judgments. A stable mindset is more important than technique.
5. Reject unplanned trading. The market never lacks opportunities; it lacks capital. Do not rush in due to fear of missing out; unplanned trading is equivalent to gambling.
6. Review in a timely manner and reset your mindset. After each trade, your mindset should return to its initial state. Do not become obsessed with the gains or losses of the last trade; consistent daily learning and summarization are essential for continuous progress.
In this highly volatile cryptocurrency market, strictly adhering to discipline is fundamental for long-term survival. $BTC $ETH
$DOGE Seeing this order that was forcibly liquidated at 10 times, I can't help but think of that night, the boy who insisted on holding the position, that was my lost youth. I still remember, it was very dark that night, and the noodles were overcooked~
Okex, after I registered with my passport, the deposit limit is only 20,000. To unlock a higher limit, I need video verification, but the video verification failed because it couldn't recognize my passport name. Furthermore, I cannot change my name in the app. When I asked customer service, they insisted that I provide my ID information and also submit a selfie holding my ID. It's even stricter than domestic brokers, what is this!?
wbe3嘴强王者
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A certain exchange arbitrarily freezes user funds? 😅 Is trading cryptocurrencies now a capital offense? Do we need ten years of work experience, employers, and all sorts of information? User funds are not protected; they can freeze them whenever they want. Such lawless behavior makes us users afraid to keep our money in the exchange.