Yesterday, Binance recorded its most substantial single-day Bitcoin long liquidation in USD terms over the past five years, reaching approximately $211 million USD.
This sharp spike in liquidations was triggered by a sudden intraday price correction, resulting in the forced closure of a large number of highly leveraged long positions.
The scale of the event indicates a pronounced imbalance between market expectations and price reality, exposing the vulnerability of overextended trading behavior during volatile market conditions.
Written by EgyHash