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Binance Liquidates $6.54 Million Bitcoin Long Position
The liquidation occurred at $83,095 at 1:23 a.m. ET (05:23 UTC) on Sept. 28.
Mentioned assets
Binance liquidated a single $6.54 million long position in Bitcoin (BTC) perpetual futures at $83,095 at 1:23 a.m. ET (05:23 UTC) on Sept. 28, marking a large forced exit from the market.
The position was betting on a rise in BTC before it was closed automatically.
The event involved one position and does not by itself establish a broader market trend. No confirmed cause was available.
