Order Cancellation Logic After Liquidation
August 29, 2025 at 01:14 AMTo protect user assets and prevent risk escalation, the BloFin derivatives system will automatically cancel certain unfilled open orders when liquidation occurs. Below is the detailed order cancellation logic:
Order Cancellation Logic Overview
Hedge Mode
Cross Margin
USDT-margined: Cancel all cross orders + all isolated non-Reduce Only orders
Coin-margined: Cancel cross orders of the liquidated pair + isolated non-Reduce Only orders of the same pair
Isolated Margin
Cancel all isolated orders of the liquidated pair
One-Way Mode
Cross Margin
USDT-margined: Cancel all cross orders + all isolated non-Reduce Only orders
Coin-margined: Cancel cross orders of the liquidated pair + isolated non-Reduce Only orders of the same pair
Isolated Margin
Cancel all isolated orders of the liquidated pair
Scenario Q&A Examples
Q1. Hedge Mode + Isolated Liquidation
Only isolated orders of the liquidated pair are cancelled;
Hedging (opposite) orders remain;
Cross orders are unaffected;
Other pairs remain unaffected.
Q2. One-Way Mode + Isolated Liquidation
All isolated orders of the liquidated pair (both buy and sell) are cancelled;
Cross orders remain unaffected;
Other pairs remain unaffected.
Q3. Hedge Mode + Cross Liquidation
Cancel all cross orders + isolated non-Reduce Only orders;
Isolated Reduce Only orders remain;
Non-Reduce Only orders of other pairs are also cancelled.
Q4. One-Way Mode + Cross Liquidation
Cancel all cross and isolated non-Reduce Only orders;
Reduce Only orders remain;
Non-Reduce Only orders of other pairs are cancelled.
FAQ
Q1. Why were my open orders cancelled after liquidation?
To prevent further risk exposure, the system automatically cancels related orders and releases margin to reduce risk.
Q2. Will my Reduce Only orders be cancelled?
In Isolated Margin mode: all isolated orders are cancelled, including Reduce Only;
In Cross Margin mode: all cross and non-Reduce Only isolated orders are cancelled, while Reduce Only orders are usually preserved.
Q3. If I hold multiple pairs, will all my orders be cancelled after liquidation?
No, only orders related to the liquidated pair will be cancelled. Orders on other pairs remain unaffected.
Q4. What are the rules in One-Way Mode?
Isolated liquidation: all isolated orders of the pair are cancelled;
Cross liquidation: cross orders + isolated non-Reduce Only orders are cancelled.
Q5. Will order cancellation affect my funds?
No, cancelled orders do not impact your account balance. Your funds remain safe.
Summary of Rules
- Liquidation only cancels orders of the related pair to ensure risk isolation;
- Isolated liquidation cancels all isolated orders of that pair;
- Cross liquidation cancels cross orders + isolated non-Reduce Only orders;
- Reduce Only orders are usually preserved;
- In One-Way Mode, isolated liquidation cancels all isolated orders of that pair, while cross liquidation cancels cross and isolated non-Reduce Only orders.
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