Binance Liquidates $2.97 Million Bitcoin Long Position at $84,941

A $2.97 million Bitcoin (BTC) long position was liquidated in one event on Binance’s perpetual futures market at 9:57 p.m. ET Oct. 6 (01:57 UTC Oct. 7), with the position closed at $84,941.

The figure is the value of the liquidated position, and the recorded price is the level at which the liquidation occurred. A long position gains value when an asset’s price rises; liquidation closes a position when its margin can no longer support it.

The measurement is based on TokenPost’s direct collection of Binance’s public liquidation data for the stated time. It records one BTC long liquidation totaling $2.97 million.

The data provided no confirmed cause for the liquidation. No price outlook or further market move is established by this single event.