Binance Liquidates $8.44 Million Ethereum Long Position at $2,637

A $8.44 million Ether (ETH) long position was liquidated in a single event on Binance at 10:01 p.m. ET on Oct. 6 (02:01 UTC on Oct. 7), underscoring the size of the forced close in the exchange’s perpetual futures market.

The liquidation price was $2,637. The figure is based on Binance’s public liquidation data collected directly by TokenPost.

No confirmed cause was provided for the liquidation. The event involved a long position, which benefits from rising ETH prices, and was recorded as a single liquidation rather than an aggregated total.