Record day #21
The May 6, 2026 deleveraging day
Record day #21 of 2,244 - open interest removed at prior-day prices - data to 2026-05-06
On May 6, 2026, $555M of Bitcoin perpetual open interest on Binance was closed out in a single day, the #21 largest deleveraging day of the 2,244 on record since 2020-09-02. Across all 550 covered markets the total was $790M, and 4.2% of them shrank by more than 10% while BTC moved +0.65% 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 | $555M | -6.06% | +0.65% |
| Dogecoin | $82M | -19.81% | -2.07% |
| Zcash | $28M | -8.98% | +7.21% |
| CL | $14M | -12.81% | -3.93% |
| Hyperliquid | $12M | -5.11% | -1.34% |
| SkyAI | $9M | -9.02% | -3.48% |
| Bittensor | $5M | -4.97% | +5.67% |
| XAG | $5M | -4.01% | +4.95% |
| BZ | $4M | -7.92% | -5.14% |
| Pepe | $3M | -3.14% | +1.15% |
| NEAR Protocol | $3M | -4.50% | +14.90% |
| DOGS | $3M | -22.90% | -4.57% |
| Worldcoin | $3M | -5.96% | +4.81% |
| ETH_260626 | $2M | -6.36% | -0.32% |
| PENDLE | $2M | -8.38% | -1.12% |
Neighbours on the all-time list
| # | Date | BTC OI removed |
|---|---|---|
| 19 | 2026-04-12 | $579M |
| 20 | 2026-03-05 | $570M |
| 22 | 2026-02-06 | $555M |
| 23 | 2026-03-18 | $536M |
Questions this record answers
How much open interest was wiped out on May 6, 2026?
$555M on the Bitcoin contract and $790M across all 550 covered Binance perpetual markets, valued at the previous day's close.
Where does May 6, 2026 rank among crypto liquidation days?
#21 of 2,244 days on record since 2020-09-02, ranked by Bitcoin open interest removed.
How broad was the deleveraging?
4.2% of the 550 covered markets saw their open positions fall by more than 10%; BTC's own open interest changed -6.10% and its price +0.65%.
Could you have sat through this day? Replay it candle by candle, without hindsight, in the K-line trainer.