Binance Liquidates $2.75 Million Solana Long Position in One Event

A $2.75 million long position in Solana (SOL) perpetual futures was liquidated in a single event on Binance at $102 at 8:52 p.m. ET Monday.

The liquidation time was 00:52 UTC Tuesday, Oct. 13. The position was bullish on SOL, meaning the trader expected the token’s price to rise.

The event involved a perpetual futures contract, a derivative that lets traders take leveraged long or short positions without an expiration date. No additional details about the position or the cause of the liquidation were provided.