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Binance Liquidates $2.91 Million Ether Long Position at $2,679
The single liquidation occurred at 11:24 a.m. ET (15:24 UTC) on Sept. 29 on Binance’s perpetual futures market.
Mentioned assets
A $2.91 million long position in Ether (ETH) was liquidated in a single event on Binance’s perpetual futures market at $2,679 at 11:24 a.m. ET (15:24 UTC) on Sept. 29.
A long position benefits from rising prices, and it can be forcibly closed when the market moves against the trader far enough to meet the exchange’s liquidation conditions.
