The $BNB market today saw a major liquidation sweep at 06:50 on Aug 31, clearing a significant amount of OI. Within 5 minutes, Open Interest evaporated by -0.93% while price jolted down by -0.31% 🤓. With a strong jolt range and the synchronized deep drop of OI alongside the price decline, this is unmistakably a Long capitulation—accounts getting burned—no question about it. It’s estimated that about 4.0K OI was wiped out within a single 5-minute candle, showing the sell-side’s liquidation pressure quite clearly. Has the buy side absorbed enough to let price find a temporary bottom, or not yet? We’ll need to watch more 👀. With sweep data like this, leverage management is crucial—stay away from chasing tops/bottoms with high OI to avoid getting swept for stops 📐. Thoughts: will $BNB accumulate, or will it keep cleaning up before the next run starts? $BNB #Write2Earn #MarketUpdate #Altcoin (DYOR & NFA)

---
🌐 EN: At 06:50 on Aug 31, $BNB experienced a significant long cascade, with OI dropping -0.93% and price falling -0.31% in 5 minutes, liquidating an estimated 4.0K OI.