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Binance Sees a $2.08 Million Single Ether Short Liquidation
The liquidation occurred at $2,704 at 10:28 p.m. ET on Oct. 1 (02:28 UTC Oct. 2).
Mentioned assets
A $2.08 million short position in Ether (ETH) was liquidated in a single event on Binance perpetual futures at 10:28 p.m. ET on Oct. 1 (02:28 UTC Oct. 2), with the liquidation price at $2,704.
The liquidation was recorded in Binance’s public liquidation data. No cause for the position’s liquidation was provided.
A short position is a trade that benefits if an asset’s price falls. Perpetual futures are contracts with no set expiration date.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.