OKX Liquidates $2.38 Million Bitcoin Short Position at $82,580

Enna Lee

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OKX Liquidates $2.38 Million Bitcoin Short Position at $82,580

The forced liquidation occurred in an OKX Bitcoin perpetual futures contract at 10:11 p.m. ET on Oct. 12.

By Enna Lee

Published Oct 12, 2026, 10:15 PM EDT

Mentioned assets

BTCBitcoin

A brass lever rests beside a single metal Bitcoin token / TokenPost.ai

OKX liquidated a $2.38 million short position in Bitcoin (BTC) in a single event at $82,580 at 10:11 p.m. ET on Oct. 12 (02:11 UTC on Oct. 13).

The liquidation occurred in an OKX Bitcoin perpetual futures contract.

A short position profits when an asset’s price falls. Liquidation occurs when the exchange forcibly closes the position after available collateral no longer covers the trade’s required margin.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.