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Leverage Purge: Binance Sees 202M in Longs Liquidated
Binance Sees $202M in BTC Long Liquidation – 3rd Largest in a Month! As BTC rallied from $94K to $111K, leveraged trading heated up on Binance. Over the past 30 days, there were 3 massive long liquidations: 🔹 May 12 → $211M 🔹 May 23 → $277M 🔹 May 30 → $202M This recent wipeout might have offered the market some breathing room. Clearing overleveraged long positions could pave the way for a healthier uptrend continuation.