Deleveraging and liquidation history
Stellar Liquidation & Deleveraging HistoryXLMUSDT
Binance USD-M perpetual - data to 2026-07-31
Events on record
67
OI contraction + price stress days
Long flushes
66
price fell
Short squeezes
1
price rose
Most recent
2026-06-19
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 | 2024-12-09 | -36.24% | -16.95% | Long flush |
| 2 | 2025-10-10 | -31.66% | -15.93% | Long flush |
| 3 | 2021-12-04 | -33.07% | -11.28% | Long flush |
| 4 | 2023-08-17 | -32.30% | -10.69% | Long flush |
| 5 | 2025-03-03 | -20.12% | -16.73% | Long flush |
| 6 | 2022-05-11 | -19.85% | -14.88% | Long flush |
| 7 | 2022-11-09 | -16.74% | -15.82% | Long flush |
| 8 | 2024-11-17 | -23.77% | -11.04% | Long flush |
| 9 | 2024-04-12 | -21.61% | -11.84% | Long flush |
| 10 | 2025-01-19 | -21.24% | -11.74% | Long flush |
| 11 | 2022-01-21 | -17.78% | -12.36% | Long flush |
| 12 | 2024-03-19 | -19.29% | -10.48% | Long flush |
| 13 | 2023-07-14 | -14.82% | -13.04% | Long flush |
| 14 | 2022-11-08 | -18.83% | -9.90% | Long flush |
| 15 | 2022-10-11 | -29.85% | -6.16% | Long flush |