Binance Liquidates $2.56 Million Bitcoin Short Position in One Trade

Binance liquidated a $2.56 million Bitcoin (BTC) short position in a single trade on its perpetual futures market at 6:16 p.m. ET on Oct. 4 (22:16 UTC), with the position’s liquidation price at $86,567.

The figure is based on TokenPost’s collection of Binance public liquidation data at that time. It records one short position, rather than a total across multiple liquidations.

A short position is a trade that benefits if an asset’s price falls. A liquidation closes a position when it reaches a specified threshold; the reported price for this trade was $86,567.

The data identifies the position and its liquidation amount, but does not establish what caused the liquidation.