Yesterday's decline on BTC was accompanied by sales on Binance above $1B (17K BTC) and was more aggressive than the decline on August 5

In 1 hour and 10 minutes, open interest was down 9% (17,115 BTC).

According to Split Capital's Zaheer - he doesn't remember such an aggressive liquidation cascade since the Bitmex 2019 / Alameda 2020-2021 era.