Out of the $10 billion in total liquidations that occurred on April 17th, 2021 (the prior weekend during that sell-off with the fake Treasury indictment news and the bogus claims about a mine explosion impacting miners in Chain),
Binance accounted for $5B of those liquidations.
Specifically, 94% of said liquidations were on longs.
And as we all know, users were not allowed to log back into the platform to meet their margin calls, close positions or cover their longs with hedged short bets.
Thus, Binance guaranteed that they would come out victorious.
