Deleveraging and liquidation history
Aave Liquidation & Deleveraging HistoryAAVEUSDT
Binance USD-M perpetual - data to 2026-07-31
Events on record
108
OI contraction + price stress days
Long flushes
106
price fell
Short squeezes
2
price rose
Most recent
2026-07-29
Exchange liquidation feeds are rate-limited industry-wide, so every provider's total-liquidations number is an estimate. This page instead identifies deleveraging days directly from open-interest contractions: when large positions close within a day under price stress, it is visible in the OI record itself.
15 largest deleveraging events
| # | Date | Open-interest change | Price move | Type |
|---|---|---|---|---|
| 1 | 2022-05-11 | -28.07% | -21.68% | Long flush |
| 2 | 2025-10-10 | -28.39% | -18.13% | Long flush |
| 3 | 2022-05-09 | -21.60% | -21.25% | Long flush |
| 4 | 2021-12-04 | -40.89% | -10.15% | Long flush |
| 5 | 2023-06-10 | -32.06% | -12.36% | Long flush |
| 6 | 2024-04-13 | -22.52% | -17.38% | Long flush |
| 7 | 2025-03-03 | -19.33% | -19.04% | Long flush |
| 8 | 2022-11-09 | -18.45% | -19.63% | Long flush |
| 9 | 2022-04-06 | -23.08% | -13.54% | Long flush |
| 10 | 2025-11-14 | -24.48% | -12.50% | Long flush |
| 11 | 2024-04-12 | -19.80% | -15.19% | Long flush |
| 12 | 2025-04-06 | -16.69% | -15.41% | Long flush |
| 13 | 2023-06-26 | -31.05% | -8.11% | Long flush |
| 14 | 2025-11-03 | -17.49% | -13.70% | Long flush |
| 15 | 2022-01-22 | -16.66% | -14.00% | Long flush |