# Binance Liquidates $11.82 Million Bitcoin Long Position

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/27736
Published: 2026-10-08T04:22:46.000Z
Updated: 2026-10-08T04:22:46.000Z
Section: Investing

> The position was liquidated at $82,283 on Binance’s BTC perpetual futures market on Oct. 8 at 1:20 p.m. ET.

A $11.82 million Bitcoin (BTC) long position was liquidated in a single event on Binance’s perpetual futures market on Oct. 8 at 1:20 p.m. ET.

The position was closed at a liquidation price of $82,283. A long position generally benefits from rising prices, but it can be forcibly closed when losses reach the exchange’s liquidation threshold.

The figure and timing are based on Binance’s public liquidation record. No confirmed cause for the liquidation was provided.