Bitcoin Liquidations on Binance at Highest Level Since 2021: Open Positions Fell 17%

Bitcoin liquidations on Binance climbed over the past three months to their highest monthly levels since 2021, according to CryptoQuant, while the dollar value of open interest on the exchange fell 17% in under a month. The combination points to a sharp deleveraging of leveraged positions on the world's largest crypto exchange, with forced closures accelerating as traders were washed out. The scale of the reset matters because Binance concentrates a large share of global derivatives activity, so a 17% drop in open interest there signals broader risk reduction across crypto markets. Watch whether open interest stabilizes and rebuilds in the coming weeks, or whether continued liquidations extend the deleveraging and keep pressure on Bitcoin's price.