Silver was where leveraged buyers took the heaviest losses across Binance's TradFi perpetuals on Oct 14. Of $16.02M force closed in silver, $15.99M came from bets on a rise, and the largest single forced closure of the day was a $998K silver position.
Across all names, $101.05M of positions were shut, $94.7M of them longs, a 94% longs / 6% shorts split across 220 contracts and 19,697 events. Chip names came next, with SNDK at $11.39M and SOXL at $10.63M, and gold added $8.93M.
The total ran +63% above Oct 13, when $61.84M was force closed.
Across all names, $101.05M of positions were shut, $94.7M of them longs, a 94% longs / 6% shorts split across 220 contracts and 19,697 events. Chip names came next, with SNDK at $11.39M and SOXL at $10.63M, and gold added $8.93M.
The total ran +63% above Oct 13, when $61.84M was force closed.