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Binance Records $2.94 Million Bitcoin Short Liquidation

The short position was liquidated at $83,828 on Binance’s BTC perpetual futures market at 1:23 a.m. ET on Sept. 29.

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Gold-toned coin rests beside a triggered red breaker switch / TokenPost.ai
Gold-toned coin rests beside a triggered red breaker switch / TokenPost.ai

A $2.94 million short position in Bitcoin (BTC) was liquidated on Binance at 1:23 a.m. ET (05:23 UTC) on Sept. 29, marking a single large forced closure in the exchange’s perpetual futures market.

The liquidation price was $83,828. The position was a short, meaning it was positioned for Bitcoin’s price to fall.

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