As an important derivative tool in the digital currency trading market, the closing and cancellation mechanism of Bitcoin quarterly contracts has attracted much attention. In this article, we will explore in depth whether Bitcoin quarterly contracts can be closed in advance and whether they can be cancelled, revealing the secrets and rules.

Bitcoin quarterly contracts are a financial derivative in the digital currency trading market that allows investors to buy or sell a certain amount of Bitcoin at a specific price on a certain date in the future. When trading Bitcoin quarterly contracts, investors often pay attention to whether they can close their positions in advance before the contract expires and whether there is a possibility of canceling the contract. Next, let's uncover the answers to these questions together.

In the digital currency trading market, Bitcoin quarterly contracts usually have a certain expiration time, and it is not a simple matter for investors to close their positions in advance before the contract expires. Generally speaking, Bitcoin quarterly contracts cannot be closed in advance, and investors need to wait until the contract expires before settlement and delivery. This means that investors need to be highly vigilant about market changes during the contract period to avoid possible risks and losses.

However, in some special cases, early closing of Bitcoin quarterly contracts is possible. For example, when the market fluctuates violently or abnormal conditions occur, the exchange may take measures to allow investors to close their positions in advance to ensure market stability and investor rights. In this case, investors need to pay close attention to the announcements and regulations of the exchange and keep abreast of relevant policies and operating procedures.

In addition to early closing, investors may also be concerned about whether the Bitcoin quarterly contract can be canceled. Generally speaking, the Bitcoin quarterly contract that has been signed cannot be canceled, and once the transaction is confirmed, it will take effect immediately. Therefore, when trading Bitcoin quarterly contracts, investors need to carefully choose the trading object and trading timing to avoid unnecessary losses and risks.

However, in some extreme cases, the cancellation of Bitcoin quarterly contracts is possible. For example, when there are serious errors or breaches in the contract, the exchange or regulator may intervene and allow investors to cancel the contract to maintain market order and fair trading. In this case, investors need to report to the relevant departments in a timely manner and provide sufficient evidence to obtain the opportunity to cancel the contract.

In summary, the early closing and cancellation of Bitcoin quarterly contracts is not absolutely impossible, but it can only be achieved under certain conditions. When trading Bitcoin quarterly contracts, investors should fully understand the trading rules and operating procedures, remain cautious and rational, so as to reduce risks and obtain better investment returns. Through in-depth research and continuous learning, investors can better grasp the opportunities and challenges of Bitcoin quarterly contract trading and achieve their own investment goals and financial planning. In the turbulent digital currency market, acting with caution is always the golden rule for investors.

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Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Bitcoin futures, also known as Bitcoin contracts, are a type of transaction that can be conducted without holding digital currency. It is very different from currency-to-currency transactions that require actual holding of digital currency. Bitcoin contracts can hedge risks by predicting the price of Bitcoin. In other words, in this type of transaction, what we invest in is actually a price trend, not the asset itself. We can go long or short, and the main purpose is to make profits by accurately predicting market fluctuations. Bitcoin quarterly contracts are a type of contract trading. Many investors want to know whether Bitcoin quarterly contracts can be closed in advance? And can Bitcoin quarterly contracts be canceled? Let the editor of the currency circle talk about it.

 Can Bitcoin quarterly contracts be closed in advance?

The trading mechanism of quarterly contracts imitates the structure of commodity futures trading, but there are certain differences compared with commodity futures. All margins and profits and losses are denominated in USDT. Quarterly contracts are not quoted by index, and the profit and loss in the plate is calculated by the latest transaction price.

All margins for quarterly contracts are calculated in USDT. You can trade in both directions on multiple contracts. Buying long or selling short supports long and short positions.

Leverage is 2x, 3x, 5x, 10x, 20x, 33x, 50x, and 100x. You can choose the leverage to use when opening a position. No matter what leverage you use, the final leverage will be calculated according to the actual leverage (position portion), and the leverage cannot be adjusted manually after opening a position.

Suppose you plan to go long on Bitcoin with 2 BTC, but the principal is insufficient, then through the fixed-term contract, you can choose to buy (go long) 10 lots of BTC half-year contracts (1 lot = 0.002BTC), and open a 100x leverage at the same time. In a narrow sense, you only need to provide 0.02BTC worth of USDT to have a long position of 2BTC worth of Bitcoin.

Note: Since the quarterly contract is a position-by-position margin model, the impact of price fluctuations is also large. Please choose the appropriate leverage and position within your tolerance range for trading.

For example: If you hold a BTC half-year contract position with an unrealized profit of 100USDT and an ETH half-year contract position with an unrealized loss of 50USDT, the total unrealized profit and loss in your account is +50USDT.

The floating profit of the half-year contract is available but not available, that is, it can be used to open new positions, but cannot be withdrawn. The realized profit and loss is available but not available before settlement, and can be withdrawn after settlement.

 The difference between perpetual contracts and quarterly contracts

First, the difference in delivery time. Perpetual contracts have no delivery time limit, which can avoid repeated opening steps caused by delivery, avoid delaying the market, and avoid repeated opening of positions and fees. Delivery contracts are generally divided into weekly delivery, monthly delivery and quarterly delivery according to time.

Second, the different ways of handling positions. Delivery contracts often adopt the "margin-sharing" rule. If some contract users are unable to close their positions in time due to market fluctuations, a margin-sharing event will occur. In other words, I lose more money than the margin I paid and cannot cover the loss. Then all profitable users must share my loss. Perpetual contracts reduce market risks by automatically reducing positions and reducing the positions of counterparties. There is no margin-sharing.

Third, the usage is different. Perpetual contracts provide up to 100 times leverage, which is more risky and speculative. If you are speculating, it will be more suitable for perpetual contracts. The maximum leverage of delivery contracts is 20 times, which is mainly suitable for miners to hedge.

Fourth, the quotation mechanism is different. Let's focus on this. Perpetual contracts are anchored to the spot price, which is the price displayed on the spot trading platform . The price of the delivery contract is the market price of the trading platform itself, and the price is affected by the market price "one buy price" and "one sell price".

In summary, this is the answer of the editor of the Coin Circle to the two questions: Can the Bitcoin quarterly contract be closed in advance and can the Bitcoin quarterly contract be cancelled? I hope that this article about the introduction of Bitcoin quarterly contracts by the editor of the Coin Circle can help investors have a more comprehensive and in-depth understanding of this concept. The editor of the Coin Circle reminds all investors that perpetual contracts have no delivery date, but quarterly contracts do. In comparison, perpetual contracts will be fairer than quarterly contracts, because perpetual contracts follow the global spot average price data, and there will be no premium, or the premium will not be as large as that of quarterly contracts, so perpetual contracts are more friendly to us.