Record day #6
The Aug 5, 2024 deleveraging day
Record day #6 of 2,244 - open interest removed at prior-day prices - data to 2024-08-05
On Aug 5, 2024, $752M of Bitcoin perpetual open interest on Binance was closed out in a single day, the #6 largest deleveraging day of the 2,244 on record since 2020-09-02. Across all 265 covered markets the total was $1.58B, and 33.2% of them shrank by more than 10% while BTC moved -7.12% 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 | $752M | -14.67% | -7.12% |
| Ethereum | $351M | -14.40% | -10.01% |
| Solana | $87M | -12.64% | -6.16% |
| XRP | $41M | -27.00% | -6.50% |
| WIF | $22M | -20.02% | -12.35% |
| Dogecoin | $20M | -16.51% | -9.06% |
| Pepe | $17M | -11.02% | -12.96% |
| Toncoin | $12M | -16.23% | -12.30% |
| ETH_240927 | $12M | -28.41% | -10.29% |
| STMX | $10M | -47.65% | -20.89% |
| Worldcoin | $10M | -18.47% | -3.75% |
| BNB | $8M | -3.64% | -6.58% |
| BTC_240927 | $8M | -10.74% | -7.23% |
| Filecoin | $7M | -17.55% | -8.36% |
| Bitcoin Cash | $6M | -6.64% | -6.79% |
Neighbours on the all-time list
| # | Date | BTC OI removed |
|---|---|---|
| 4 | 2024-04-13 | $856M |
| 5 | 2025-10-07 | $855M |
| 7 | 2021-05-19 | $743M |
| 8 | 2025-03-03 | $743M |
Questions this record answers
How much open interest was wiped out on Aug 5, 2024?
$752M on the Bitcoin contract and $1.58B across all 265 covered Binance perpetual markets, valued at the previous day's close.
Where does Aug 5, 2024 rank among crypto liquidation days?
#6 of 2,244 days on record since 2020-09-02, ranked by Bitcoin open interest removed.
How broad was the deleveraging?
33.2% of the 265 covered markets saw their open positions fall by more than 10%; BTC's own open interest changed -14.70% and its price -7.12%.
Could you have sat through this day? Replay it candle by candle, without hindsight, in the K-line trainer.