Crude oil was where bets against TradFi perps on Binance hurt most on Oct 11. CL saw $417K liquidated, $297K of it from traders positioned for a fall. The largest single forced closure of the day was also CL, at $136K.
Across the stock, commodity and index perps, $1.16M was liquidated over 539 events on 93 contracts, split 30% longs / 70% shorts. That total is +145% on the $475K recorded on Oct 10.
SanDisk (SNDK) came second at $271K. Brent (BZ) and gold followed at $107K and $100K, both weighted toward short sellers.
Across the stock, commodity and index perps, $1.16M was liquidated over 539 events on 93 contracts, split 30% longs / 70% shorts. That total is +145% on the $475K recorded on Oct 10.
SanDisk (SNDK) came second at $271K. Brent (BZ) and gold followed at $107K and $100K, both weighted toward short sellers.