Record day #17
The Jun 23, 2025 deleveraging day
Record day #17 of 2,244 - open interest removed at prior-day prices - data to 2025-06-23
On Jun 23, 2025, $621M of Bitcoin perpetual open interest on Binance was closed out in a single day, the #17 largest deleveraging day of the 2,244 on record since 2020-09-02. Across all 426 covered markets the total was $900M, and 7.0% of them shrank by more than 10% while BTC moved +4.35% 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 | $621M | -7.82% | +4.35% |
| Ethereum | $44M | -1.04% | +8.27% |
| XRP | $17M | -3.12% | +7.02% |
| Pepe | $12M | -6.69% | +11.60% |
| Sui | $12M | -5.87% | +15.43% |
| FUN | $11M | -29.65% | +17.12% |
| Cardano | $9M | -7.65% | +7.42% |
| Dogecoin | $7M | -2.88% | +8.28% |
| FARTCOIN | $7M | -10.19% | +12.36% |
| Bitcoin Cash | $7M | -4.48% | +1.68% |
| Avalanche | $6M | -7.46% | +9.31% |
| BNB | $6M | -2.00% | +3.95% |
| Aave | $5M | -4.09% | +12.78% |
| BANANAS31 | $5M | -13.56% | +54.25% |
| Ethena | $5M | -5.03% | +13.07% |
Neighbours on the all-time list
| # | Date | BTC OI removed |
|---|---|---|
| 15 | 2024-03-05 | $647M |
| 16 | 2024-12-16 | $643M |
| 18 | 2025-11-21 | $580M |
| 19 | 2026-04-12 | $579M |
Questions this record answers
How much open interest was wiped out on Jun 23, 2025?
$621M on the Bitcoin contract and $900M across all 426 covered Binance perpetual markets, valued at the previous day's close.
Where does Jun 23, 2025 rank among crypto liquidation days?
#17 of 2,244 days on record since 2020-09-02, ranked by Bitcoin open interest removed.
How broad was the deleveraging?
7.0% of the 426 covered markets saw their open positions fall by more than 10%; BTC's own open interest changed -7.80% and its price +4.35%.
Could you have sat through this day? Replay it candle by candle, without hindsight, in the K-line trainer.