According to CoinMeta, analyst Darkfost stated that Binance has recorded its highest volume of liquidations since 2021. In less than a month, the amount of open contracts on Binance BTC decreased from $10.6 billion to $8.8 billion, a reduction of 17%. Meanwhile, the 180-day moving average also rose from $8.4 billion to $8.6 billion. During a bull market, when open contracts fall below the moving average, it usually indicates the end of a correction period, reflecting traders reducing their leveraged exposure either by closing positions voluntarily or through liquidations. Over the past three months, Binance has seen its highest monthly total liquidations since 2021: $1.4 billion in August, $1.1 billion in September, and in October, which has not even reached mid-month yet, the liquidation amount has already exceeded $520 million.