SOXL was the hardest hit name on Binance's TradFi perpetuals on Oct 16. $8.26M was force closed there, and $7.64M of it came from leveraged bets on a rise. SNDK came next at $7.06M.
Across all names, $50.64M was force closed over 201 contracts and 10,951 separate closures. The split ran 76% longs / 24% shorts, which works out to $38.7M lost on bets on a rise against $11.9M on bets on a fall.
CL broke the pattern. Of $4.24M closed there, $4.14M came from bets on a fall. The largest single forced closure of the day was a $564K position in BZ.
The day's total came in 36% below the $79.54M recorded on Oct 15.
Across all names, $50.64M was force closed over 201 contracts and 10,951 separate closures. The split ran 76% longs / 24% shorts, which works out to $38.7M lost on bets on a rise against $11.9M on bets on a fall.
CL broke the pattern. Of $4.24M closed there, $4.14M came from bets on a fall. The largest single forced closure of the day was a $564K position in BZ.
The day's total came in 36% below the $79.54M recorded on Oct 15.