Chip stocks carried the forced closures on Binance's stock, commodity and index perpetuals on Nov 11. $NVDA led with $11.22M closed out, followed by $SNDK at $10.31M and $SOXL at $10.16M. The single largest closure of the day was a $966K position on SOXL.
In all, $58.21M was forced shut across 186 contracts and 14,413 events. Traders betting on higher prices took $34.1M of it against $24.1M for those betting on lower ones, a 59% longs / 41% shorts split.
The day came in 2% above Nov 10, when $57.13M was closed out.
In all, $58.21M was forced shut across 186 contracts and 14,413 events. Traders betting on higher prices took $34.1M of it against $24.1M for those betting on lower ones, a 59% longs / 41% shorts split.
The day came in 2% above Nov 10, when $57.13M was closed out.
