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

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/30725
Published: 2026-10-13T02:15:23.000Z
Updated: 2026-10-13T02:15:23.000Z
Section: Investing

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

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.