According to data from CryptoQuant analyst Darkfost, Binance's monthly liquidations over the past three months have reached their highest levels since 2021, exceeding $1.4 billion in August, approximately $1.1 billion in September, about $1.3 billion in October, and exceeding $520 million so far in November. Meanwhile, Binance's BTC futures open interest has decreased from $10.6 billion to $8.8 billion in less than a month, a drop of approximately 17%. Darkfost believes the market is entering a new deleveraging phase, with traders actively closing positions and forced liquidations reducing leverage risk. Historically, similar signals have appeared in the later stages of market corrections, but this does not necessarily mean the current correction is over. [https://wublock123.com/news/binance-liquidations-over-1b-monthly-btc-futures-open-interest-down-17-71820]