Record day #8
The Mar 3, 2025 deleveraging day
Record day #8 of 2,244 - open interest removed at prior-day prices - data to 2025-03-03
On Mar 3, 2025, $743M of Bitcoin perpetual open interest on Binance was closed out in a single day, the #8 largest deleveraging day of the 2,244 on record since 2020-09-02. Across all 367 covered markets the total was $1.08B, and 10.4% of them shrank by more than 10% while BTC moved -8.52% 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 | $743M | -9.96% | -8.52% |
| XRP | $102M | -13.14% | -18.80% |
| Solana | $54M | -4.43% | -20.48% |
| Official Trump | $36M | -16.36% | -24.43% |
| Ethereum | $29M | -0.82% | -14.66% |
| Litecoin | $11M | -5.59% | -14.09% |
| TRX | $11M | -16.31% | -5.32% |
| VANA | $6M | -20.40% | -23.88% |
| NEAR Protocol | $5M | -10.17% | -16.44% |
| HBAR | $5M | -8.50% | -15.52% |
| CAKE | $5M | -22.85% | -17.48% |
| KAITO | $4M | -9.09% | -21.67% |
| BNB | $3M | -1.14% | -7.67% |
| MOVE | $3M | -14.45% | -20.26% |
| IOTA | $2M | -18.22% | -19.89% |
Neighbours on the all-time list
| # | Date | BTC OI removed |
|---|---|---|
| 6 | 2024-08-05 | $752M |
| 7 | 2021-05-19 | $743M |
| 9 | 2025-10-22 | $739M |
| 10 | 2026-01-31 | $729M |
Questions this record answers
How much open interest was wiped out on Mar 3, 2025?
$743M on the Bitcoin contract and $1.08B across all 367 covered Binance perpetual markets, valued at the previous day's close.
Where does Mar 3, 2025 rank among crypto liquidation days?
#8 of 2,244 days on record since 2020-09-02, ranked by Bitcoin open interest removed.
How broad was the deleveraging?
10.4% of the 367 covered markets saw their open positions fall by more than 10%; BTC's own open interest changed -10.00% and its price -8.52%.
Could you have sat through this day? Replay it candle by candle, without hindsight, in the K-line trainer.