Silver and gold punished opposite crowds on Binance's TradFi perpetuals on Oct 27. Leveraged silver buyers lost $1.91M of XAG's $1.97M, and the day's largest single forced closure, $391K, was a silver position. On gold it was the sellers, with $943K of XAU's $1.20M.
The top name was SOXL, a leveraged semiconductor fund, at $3.45M, with $2.25M of it from short bets. SanDisk's SNDK followed at $2.42M, mostly shorts at $1.70M.
Across the board $14.87M was forced out, 45% longs / 55% shorts, over 159 contracts and 4,259 events, down 14% from $17.34M on Oct 26.
The top name was SOXL, a leveraged semiconductor fund, at $3.45M, with $2.25M of it from short bets. SanDisk's SNDK followed at $2.42M, mostly shorts at $1.70M.
Across the board $14.87M was forced out, 45% longs / 55% shorts, over 159 contracts and 4,259 events, down 14% from $17.34M on Oct 26.
