# Binance Liquidates $5.95 Million Ether Long Position

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/30625
Published: 2026-10-12T23:06:52.000Z
Updated: 2026-10-12T23:06:52.000Z
Section: Investing

> The liquidation occurred at $2,471 at 6:59 p.m. ET on Oct. 12 (22:59 UTC).

A $5.95 million Ether (ETH) long position was liquidated in a single event on Binance at $2,471 at 6:59 p.m. ET on Oct. 12 (22:59 UTC).

The liquidation was recorded at 7:59 a.m. KST on Oct. 13. The figure is based on Binance’s public liquidation data collected by TokenPost, using the exchange, liquidation price and recorded time.

A long position is a bet that an asset’s price will rise. Liquidation forcibly closes the position when its margin no longer supports the trade.