<ul data-eligibleForWebStory="true"><li>Binance recently recorded its largest single-day Bitcoin long liquidation in over five years.</li><li>Over $211 million in long positions were liquidated in USD terms due to a rapid intraday price correction.</li><li>The liquidation was triggered by a sharp drop in Bitcoin's price, resulting in the closure of overleveraged long positions.</li><li>Following a rise to over $110,000, Bitcoin's price quickly fell back towards the $104K range.</li><li>Santiment's chart shows long liquidation volume exceeding $200 million during the drawdown.</li><li>This event highlights an imbalance between market expectations and actual price movement.</li><li>Traders relying too heavily on leverage are vulnerable in volatile environments.</li><li>Such liquidation events expose market fragility and can lead to rapid deleveraging, causing deeper corrections and affecting investor confidence.</li></ul>

Bitcoin Longs Wiped Out on Binance: Is Overleveraging Catching Up with Traders?

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