Binance Futures will launch the USDⓈ-M $FOLKS (Folks | Aman Sai on Binance Square

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Binance Futures will launch the USDⓈ-M $FOLKS (Folks Finance) perpetual contract at 
🗓️Nov. 6 2025, 12:30 (UTC)

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🚨 Reports suggest about $300 million in long positions were liquidated in roughly one hour, as #Bitcoin pulled back sharply (from near $99,000 to $97,000) in the last 24 h. On a 24-hour basis the broader crypto derivatives market saw over $1 billion in leveraged positions liquidated, with the majority being longs. Such high leverage + forced liquidations amplify moves: rapid drops lead to more selling to cover positions, which in turn pushes price down further. $BTC ’s drop to $97,000 marks a key support zone being challenged. If it breaks, next support zones come into view. On the flip side, if this liquidation flush is nearing exhaustion, we might see a bounce or relief rally from this level due to “capitulation” of levered longs. #FOMCWatch #MarketPullback #WriteToEarnUpgrade

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