Deleveraging and liquidation history
Ethena Liquidation & Deleveraging HistoryENAUSDT
Binance USD-M perpetual - data to 2026-07-31
Events on record
59
OI contraction + price stress days
Long flushes
58
price fell
Short squeezes
1
price rose
Most recent
2026-07-27
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 | 2025-10-10 | -33.27% | -20.31% | Long flush |
| 2 | 2024-04-13 | -32.75% | -18.01% | Long flush |
| 3 | 2025-03-03 | -21.13% | -23.47% | Long flush |
| 4 | 2026-06-04 | -24.75% | -15.61% | Long flush |
| 5 | 2025-10-11 | -25.08% | -15.31% | Long flush |
| 6 | 2025-05-30 | -15.99% | -19.37% | Long flush |
| 7 | 2024-12-21 | -19.56% | -14.44% | Long flush |
| 8 | 2025-02-02 | -15.88% | -14.37% | Long flush |
| 9 | 2026-02-05 | -14.61% | -14.81% | Long flush |
| 10 | 2025-04-06 | -15.37% | -13.66% | Long flush |
| 11 | 2024-08-05 | -16.14% | -10.83% | Long flush |
| 12 | 2024-08-27 | -13.45% | -12.82% | Long flush |
| 13 | 2025-11-03 | -15.55% | -10.99% | Long flush |
| 14 | 2024-04-30 | -13.85% | -12.19% | Long flush |
| 15 | 2024-10-25 | -16.41% | -10.29% | Long flush |