Binance Liquidates $3.4 Million Ether Short in One Trade

A $3.4 million short position in Ether (ETH) was liquidated in one event on Binance perpetual futures at 4:57 a.m. ET (08:57 UTC) Oct. 4, with the liquidation recorded at $2,703.

The amount reflects the single liquidation captured in TokenPost’s collection of Binance’s public liquidation data. No cause was established in the available information.

A liquidation occurs when an exchange closes a leveraged position after it no longer meets the platform’s requirements. The reported event involved a short position, which gains value when an asset’s price falls.