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Binance Liquidates $11.82 Million Ether Long Position at $2,657
The single liquidation occurred in Binance ETH perpetual futures at 10:47 a.m. ET (14:47 UTC) on Sept. 28.
Mentioned assets
An $11.82 million long position in Ether (ETH) was liquidated in a single event on Binance’s perpetual futures market at 10:47 a.m. ET (14:47 UTC) on Sept. 28, with the liquidation price recorded at $2,657.
The position was a bet that ETH would rise. A liquidation occurs when an exchange closes a leveraged position after market movements leave insufficient collateral to keep it open.
