Record day #24
The Sep 13, 2022 deleveraging day
Record day #24 of 2,244 - open interest removed at prior-day prices - data to 2022-09-13
On Sep 13, 2022, $520M of Bitcoin perpetual open interest on Binance was closed out in a single day, the #24 largest deleveraging day of the 2,244 on record since 2020-09-02. Across all 146 covered markets the total was $789M, and 12.3% of them shrank by more than 10% while BTC moved -9.93% on the day.
Markets hit hardest
Open interest removed on the day, valued at the previous close; links go to each market's deleveraging history.
| Market | OI removed | Positions change | Price move |
|---|---|---|---|
| Bitcoin | $520M | -15.99% | -9.93% |
| Ethereum | $90M | -5.38% | -8.35% |
| Solana | $27M | -18.46% | -11.92% |
| ETC | $20M | -13.73% | -8.17% |
| RVN | $17M | -31.08% | -11.35% |
| MATIC | $11M | -13.14% | -9.07% |
| BNB | $10M | -6.87% | -5.64% |
| EOS | $9M | -14.06% | -11.41% |
| Cardano | $8M | -8.60% | -7.58% |
| NEAR Protocol | $7M | -11.87% | -13.23% |
| XRP | $6M | -6.08% | -7.59% |
| Cosmos | $6M | -12.45% | -10.48% |
| Avalanche | $5M | -8.93% | -11.80% |
| Chainlink | $5M | -10.73% | -9.48% |
| Polkadot | $4M | -3.33% | -7.75% |
Neighbours on the all-time list
| # | Date | BTC OI removed |
|---|---|---|
| 22 | 2026-02-06 | $555M |
| 23 | 2026-03-18 | $536M |
| 25 | 2025-02-03 | $503M |
| 26 | 2024-01-03 | $502M |
Questions this record answers
How much open interest was wiped out on Sep 13, 2022?
$520M on the Bitcoin contract and $789M across all 146 covered Binance perpetual markets, valued at the previous day's close.
Where does Sep 13, 2022 rank among crypto liquidation days?
#24 of 2,244 days on record since 2020-09-02, ranked by Bitcoin open interest removed.
How broad was the deleveraging?
12.3% of the 146 covered markets saw their open positions fall by more than 10%; BTC's own open interest changed -16.00% and its price -9.93%.
Could you have sat through this day? Replay it candle by candle, without hindsight, in the K-line trainer.