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Binance Liquidates $11.73 Million Bitcoin Short Position in One Event
The liquidation occurred at $86,310 at 1:20 p.m. ET (5:20 p.m. UTC) on Oct. 2, based on the recorded event time in Seoul.
Mentioned assets
A $11.73 million Bitcoin (BTC) short position was liquidated in a single event on Binance’s perpetual futures market at 1:20 p.m. ET (5:20 p.m. UTC) on Oct. 2, at a price of $86,310.
The figure is based on TokenPost’s collection of Binance’s public liquidation data. The position was a short, a trade that bets on an asset’s price falling.
The reported event was a single liquidation; the supplied data does not establish a cause.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.