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OKX Records $2.53 Million Single Short Liquidation in Ether

The liquidation occurred at $2,528 in OKX’s ETH perpetual futures market at 11:40 a.m. ET (15:40 UTC) on Oct. 11.

Mentioned assets
Ethereum coin beside a warning marker on an exchange counter / TokenPost.ai
Ethereum coin beside a warning marker on an exchange counter / TokenPost.ai

A $2.53 million short position in Ether (ETH) was liquidated in a single transaction on OKX at $2,528 at 11:40 a.m. ET (15:40 UTC) on Oct. 11.

The liquidation occurred in OKX’s ETH perpetual futures market. The liquidation was identified in OKX public liquidation data collected by TokenPost.

The transaction represents a forced closure of a position that was betting on a decline in Ether’s price.

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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