Traders betting on higher stock and commodity prices took 90% of the damage on Binance's TradFi perpetuals on Nov 8. Of $18.41M forced shut across 218 contracts, $16.6M came from longs and only $1.8M from shorts.
SanDisk led the losses with $4.41M of $SNDK positions closed, ahead of $SOXL at $1.97M and gold at $1.58M. The biggest single forced closure was a $307K position in Micron, $MU .
The day's total came in at +664% against the $2.41M recorded on Nov 7, spread over 6,498 separate forced closures.
SanDisk led the losses with $4.41M of $SNDK positions closed, ahead of $SOXL at $1.97M and gold at $1.58M. The biggest single forced closure was a $307K position in Micron, $MU .
The day's total came in at +664% against the $2.41M recorded on Nov 7, spread over 6,498 separate forced closures.
