Leveraged buyers carried nearly all the damage on Binance's stock and commodity perpetuals on Nov 2. They lost $76.3M to forced closures, against $8.7M for traders betting on a fall.
Our recorded stream logged $84.99M in total across 221 contracts and 17,116 liquidation events, split 90% longs / 10% shorts. SNDK led with $16.10M, followed by SOXL at $12.89M and the CL oil contract at $6.74M. The largest single closure was also on CL, at $1.78M.
That total is up 3054% from Nov 1, when the stream recorded $2.70M.
Our recorded stream logged $84.99M in total across 221 contracts and 17,116 liquidation events, split 90% longs / 10% shorts. SNDK led with $16.10M, followed by SOXL at $12.89M and the CL oil contract at $6.74M. The largest single closure was also on CL, at $1.78M.
That total is up 3054% from Nov 1, when the stream recorded $2.70M.
