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Binance Records $2.52 Million Bitcoin Long Liquidation at $82,589

The single liquidation occurred at 11:21 p.m. ET on Oct. 7, based on Binance public liquidation data collected directly by TokenPost.

Mentioned assets
Brass Bitcoin coin tipping beside a broken metal contract marker / TokenPost.ai
Brass Bitcoin coin tipping beside a broken metal contract marker / TokenPost.ai

A $2.52 million Bitcoin (BTC) long position was liquidated in a single event on Binance at $82,589 at 11:21 p.m. ET on Oct. 7, or 03:21 UTC on Oct. 8.

The liquidation involved a perpetual futures contract, a type of derivative that does not have an expiration date. The position was betting on a rise in Bitcoin's price.

The event was recorded in Binance's public liquidation data and collected directly by TokenPost. No confirmed cause was provided for the liquidation.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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