Record day #9
The Oct 22, 2025 deleveraging day
Record day #9 of 2,244 - open interest removed at prior-day prices - data to 2025-10-22
On Oct 22, 2025, $739M of Bitcoin perpetual open interest on Binance was closed out in a single day, the #9 largest deleveraging day of the 2,244 on record since 2020-09-02. Across all 504 covered markets the total was $848M, and 3.4% of them shrank by more than 10% while BTC moved -0.67% 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 | $739M | -8.24% | -0.67% |
| Dogecoin | $23M | -7.39% | -2.24% |
| Solana | $9M | -0.66% | -2.98% |
| COAI | $8M | -20.24% | +60.60% |
| Hyperliquid | $8M | -5.29% | +2.51% |
| BAS | $4M | -33.55% | +13.40% |
| ZORA | $4M | -19.33% | -7.23% |
| Bittensor | $4M | -7.85% | -0.42% |
| FF | $3M | -9.61% | -13.14% |
| AIA | $2M | -11.88% | -18.83% |
| LIGHT | $2M | -11.05% | +13.14% |
| Litecoin | $2M | -2.11% | -0.64% |
| 1000FLOKI | $2M | -10.73% | -3.55% |
| Bitcoin Cash | $1M | -1.11% | -1.58% |
| SNX | $1M | -5.47% | -13.20% |
Neighbours on the all-time list
| # | Date | BTC OI removed |
|---|---|---|
| 7 | 2021-05-19 | $743M |
| 8 | 2025-03-03 | $743M |
| 10 | 2026-01-31 | $729M |
| 11 | 2026-09-23 | $708M |
Questions this record answers
How much open interest was wiped out on Oct 22, 2025?
$739M on the Bitcoin contract and $848M across all 504 covered Binance perpetual markets, valued at the previous day's close.
Where does Oct 22, 2025 rank among crypto liquidation days?
#9 of 2,244 days on record since 2020-09-02, ranked by Bitcoin open interest removed.
How broad was the deleveraging?
3.4% of the 504 covered markets saw their open positions fall by more than 10%; BTC's own open interest changed -8.20% and its price -0.67%.
Could you have sat through this day? Replay it candle by candle, without hindsight, in the K-line trainer.