# Binance Posts Highest Monthly Liquidation Totals Since 2021 as Bitcoin Open Interest Falls

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/55426
Published: 2026-11-12T13:11:11.000Z
Updated: 2026-11-12T13:11:11.000Z
Section: Investing

> Bitcoin open interest fell 17% in less than a month, from $10.6 billion to $8.8 billion, while its 180-day average rose. November liquidations had topped $520 million by Nov. 12.

Binance recorded its highest monthly liquidation totals since 2021 in August, September and October as Bitcoin (BTC) open interest on the exchange fell below its rising 180-day average.

Open interest on Binance fell from $10.6 billion to $8.8 billion in less than a month, a 17% decline. Over the same period, the 180-day moving average rose from $8.4 billion to $8.6 billion, leaving open interest below its average.

Binance’s monthly liquidations exceeded $1.4 billion in August, reached $1.1 billion in September and totaled $1.3 billion in October. The November total had topped $520 million by Nov. 12, before the month was halfway over. That tally was still below each of the three completed monthly totals.

Darkfost described the move below the moving average as a new deleveraging signal. In bull markets, Darkfost said, the pattern often appears near the end of a correction as traders reduce leveraged exposure voluntarily or through liquidations.