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Binance Records $3.58 Million Single Short Liquidation in Ether
The liquidation occurred at $2,738 at 7:50 a.m. ET on Sept. 29.
Mentioned assets
A $3.58 million short position in Ether (ETH) was liquidated in a single event on Binance at $2,738 at 7:50 a.m. ET (11:50 UTC) on Sept. 29, marking a large forced closure in the crypto derivatives market.
The liquidation involved an ETH perpetual futures position. The position was short, meaning it was positioned for Ether’s price to decline.
