Deleveraging and liquidation history
Bitcoin Liquidation & Deleveraging HistoryBTCUSDT
Binance USD-M perpetual - data to 2026-07-31
Events on record
46
OI contraction + price stress days
Long flushes
43
price fell
Short squeezes
3
price rose
Most recent
2026-02-05
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 | 2021-05-19 | -49.53% | -14.44% | Long flush |
| 2 | 2021-09-07 | -37.26% | -11.05% | Long flush |
| 3 | 2021-12-04 | -40.15% | -8.35% | Long flush |
| 4 | 2020-09-03 | -27.13% | -11.02% | Long flush |
| 5 | 2022-06-13 | -18.73% | -15.41% | Long flush |
| 6 | 2020-11-26 | -28.74% | -8.46% | Long flush |
| 7 | 2022-09-13 | -24.32% | -9.93% | Long flush |
| 8 | 2025-10-10 | -30.17% | -7.29% | Long flush |
| 9 | 2026-02-05 | -14.22% | -14.04% | Long flush |
| 10 | 2021-02-23 | -19.55% | -9.60% | Long flush |
| 11 | 2021-06-21 | -16.50% | -11.19% | Long flush |
| 12 | 2021-01-21 | -14.14% | -13.01% | Long flush |
| 13 | 2022-11-08 | -17.09% | -9.94% | Long flush |
| 14 | 2022-05-09 | -14.51% | -11.68% | Long flush |
| 15 | 2022-01-21 | -16.11% | -10.42% | Long flush |