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Binance Liquidates $9.65 Million Bitcoin Long Position

The single liquidation occurred at $81,773 at 8:06 a.m. ET on Oct. 13 in Binance’s BTC perpetual futures market.

By Enna Lee
Published
Mentioned assets
Gold Bitcoin coin beside a fractured upward market marker / TokenPost.ai
Gold Bitcoin coin beside a fractured upward market marker / TokenPost.ai

Binance liquidated a single $9.65 million Bitcoin (BTC) long position at $81,773 at 8:06 a.m. ET on Oct. 13, marking a large forced closure in the exchange’s perpetual futures market.

The position was a long, meaning the trader had positioned for Bitcoin’s price to rise.

The event was recorded as one transaction rather than an aggregate of multiple smaller liquidations. 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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