# Binance Liquidates $11.82 Million Ether Long Position at $2,657

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/24968
Published: 2026-09-28T15:00:35.000Z
Updated: 2026-09-28T15:00:35.000Z
Section: Investing

> The single liquidation occurred in Binance ETH perpetual futures at 10:47 a.m. ET (14:47 UTC) on Sept. 28.

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.