1 min read
Binance Zcash Futures Liquidation Reaches $4.51 Million
The ZEC long position was liquidated at $1,288 at 3:39 a.m. ET (07:39 UTC) on Oct. 3.
A $4.51 million long position in Zcash (ZEC) was liquidated in a single trade on Binance perpetual futures at 3:39 a.m. ET (07:39 UTC) on Oct. 3, with the liquidation price set at $1,288.
The liquidation data was collected directly from Binance’s public feed. A long position generally gains value when an asset’s price rises; liquidation closes a position when it no longer meets the exchange’s margin requirements.
The available data provides no confirmed cause for the liquidation.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.