Deleveraging and liquidation history
STEPN Liquidation & Deleveraging HistoryGMTUSDT
Binance USD-M perpetual - data to 2026-07-31
Events on record
133
OI contraction + price stress days
Long flushes
130
price fell
Short squeezes
3
price rose
Most recent
2026-06-04
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 | -42.85% | -30.35% | Long flush |
| 2 | 2022-05-09 | -31.63% | -35.07% | Long flush |
| 3 | 2022-11-09 | -26.70% | -32.54% | Long flush |
| 4 | 2022-05-11 | -30.25% | -27.01% | Long flush |
| 5 | 2024-01-03 | -46.81% | -16.02% | Long flush |
| 6 | 2022-03-18 | -46.89% | -15.89% | Long flush |
| 7 | 2023-06-10 | -41.43% | -16.75% | Long flush |
| 8 | 2023-07-18 | -36.27% | -14.26% | Long flush |
| 9 | 2022-11-08 | -38.48% | -12.63% | Long flush |
| 10 | 2025-03-03 | -25.29% | -18.40% | Long flush |
| 11 | 2022-05-05 | -23.83% | -18.02% | Long flush |
| 12 | 2024-04-12 | -28.09% | -14.98% | Long flush |
| 13 | 2022-12-16 | -24.10% | -16.91% | Long flush |
| 14 | 2024-12-09 | -19.21% | -19.43% | Long flush |
| 15 | 2026-01-11 | -33.58% | -10.99% | Long flush |