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CryptoMediumUpdated×2•Originally published 12 November 2026•Updated 13 November 2026•
1 min read

Binance Bitcoin Liquidations Surpass $520 Million in Highest Monthly Total Since 2021

Key Facts

1November liquidations exceeded $520 million by Nov. 12, marking the highest monthly total since 2021.
2Bitcoin open interest fell 17% in less than a month, dropping from $10.6 billion to $8.8 billion.

Bitcoin liquidations on the Binance platform exceeded $520 million by November 12, 2026, marking the highest monthly total since 2021. TokenPost reported that this surge in liquidations accompanied a 17% drop in Bitcoin open interest in less than a month.

Open interest fell from $10.6 billion to $8.8 billion, indicating a massive flush-out of leveraged positions from the market. These movements occurred amid price volatility that triggered forced liquidations for traders.

Latest Updates · 2

  1. Notable·

    Update: Binance reserve data from November 3, 2026, showed a 14.43% decline in user Tether (USDT) balances. The exchange also recorded drops in balances for other major assets, including BTC, ETH, and BNB, alongside the liquidation wave.

  2. Notable·

    Update: Binance restricted a trader's account holding approximately 400,000 Tether (USDt). This action followed a freeze request issued by a Colorado district court in the United States on November 12, 2026.

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