Binance Explains Record Crypto Liquidations: Macro Risks, Not Exchange Issues, Blamed

Binance, the world's leading cryptocurrency exchange, has addressed the unprecedented wave of liquidations that rocked crypto markets. The platform clarified that the event, which saw the largest single-day liquidation in crypto history, was driven by broader macroeconomic risks and not by any failure or technical issue on the exchange itself. A spokesperson emphasized that market-wide volatility, influenced by global economic factors, triggered the cascade of leveraged position closures across the industry. Binance assured users that its systems operated normally and handled the extreme volume without disruption, highlighting the resilience of its infrastructure during periods of intense market stress. This clarification aims to distinguish between internal platform problems and external market forces that affect all trading venues.