OKX Liquidates $4.82 Million Ether Short in a Single Event

A $4.82 million short position in Ether (ETH) perpetual futures was liquidated in a single event on OKX at 9:59 a.m. ET (13:59 UTC) on Oct. 20.

TokenPost collected the event from OKX's public liquidation data. The recorded liquidation price was $2,412. The $4.82 million figure is the size of the one short position closed in that event, rather than a total of separate liquidations.

A perpetual future is a derivatives contract without a scheduled expiration. A short position is designed to gain value when an asset's price falls. Liquidation closes a position when it can no longer meet the exchange's margin requirements. In this case, the closure occurred at the recorded price of $2,412.

The observation covers one position in OKX's ETH perpetual futures market at the stated time. Its size describes that individual closure, rather than overall liquidation activity in the market or across the exchange.