Record day #25
The Feb 3, 2025 deleveraging day
Record day #25 of 2,244 - open interest removed at prior-day prices - data to 2025-02-03
On Feb 3, 2025, $503M of Bitcoin perpetual open interest on Binance was closed out in a single day, the #25 largest deleveraging day of the 2,244 on record since 2020-09-02. Across all 360 covered markets the total was $2.02B, and 62.2% of them shrank by more than 10% while BTC moved +3.72% 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 |
|---|---|---|---|
| Ethereum | $518M | -11.40% | +0.37% |
| Bitcoin | $503M | -6.16% | +3.72% |
| XRP | $86M | -12.26% | +4.67% |
| Solana | $52M | -3.77% | +6.28% |
| Dogecoin | $35M | -7.18% | +6.25% |
| Cardano | $35M | -21.07% | +0.92% |
| Pepe | $33M | -22.02% | +2.18% |
| Chainlink | $29M | -23.42% | +5.80% |
| Sui | $27M | -15.69% | +10.38% |
| Litecoin | $26M | -18.87% | -2.02% |
| Ethena | $26M | -15.28% | +17.17% |
| Worldcoin | $21M | -26.00% | +2.04% |
| Bittensor | $18M | -30.07% | +13.83% |
| FARTCOIN | $18M | -35.84% | +12.24% |
| Avalanche | $16M | -16.31% | +2.78% |
Neighbours on the all-time list
| # | Date | BTC OI removed |
|---|---|---|
| 23 | 2026-03-18 | $536M |
| 24 | 2022-09-13 | $520M |
| 26 | 2024-01-03 | $502M |
| 27 | 2025-09-25 | $487M |
Questions this record answers
How much open interest was wiped out on Feb 3, 2025?
$503M on the Bitcoin contract and $2.02B across all 360 covered Binance perpetual markets, valued at the previous day's close.
Where does Feb 3, 2025 rank among crypto liquidation days?
#25 of 2,244 days on record since 2020-09-02, ranked by Bitcoin open interest removed.
How broad was the deleveraging?
62.2% of the 360 covered markets saw their open positions fall by more than 10%; BTC's own open interest changed -6.20% and its price +3.72%.
Could you have sat through this day? Replay it candle by candle, without hindsight, in the K-line trainer.