Deleveraging and liquidation history
Ethereum Liquidation & Deleveraging HistoryETHUSDT
Binance USD-M perpetual - data to 2026-07-31
Events on record
45
OI contraction + price stress days
Long flushes
44
price fell
Short squeezes
1
price rose
Most recent
2026-04-12
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 | -36.29% | -12.50% | Long flush |
| 2 | 2022-11-08 | -24.46% | -14.94% | Long flush |
| 3 | 2022-08-19 | -27.21% | -12.87% | Long flush |
| 4 | 2026-02-05 | -18.68% | -15.00% | Long flush |
| 5 | 2022-08-26 | -21.61% | -11.03% | Long flush |
| 6 | 2024-08-05 | -22.89% | -10.01% | Long flush |
| 7 | 2022-07-25 | -23.19% | -9.85% | Long flush |
| 8 | 2025-03-03 | -15.12% | -14.66% | Long flush |
| 9 | 2026-01-31 | -23.36% | -9.44% | Long flush |
| 10 | 2022-01-21 | -14.97% | -14.43% | Long flush |
| 11 | 2025-04-06 | -14.95% | -12.47% | Long flush |
| 12 | 2022-06-13 | -10.73% | -15.71% | Long flush |
| 13 | 2025-02-24 | -14.83% | -10.87% | Long flush |
| 14 | 2022-05-09 | -13.33% | -11.57% | Long flush |
| 15 | 2024-03-19 | -14.52% | -10.29% | Long flush |