Binance Liquidates $11.96 Million Bitcoin Short at $83,276

A $11.96 million short position in Bitcoin (BTC) was liquidated on Binance's BTC perpetual futures market at $83,276 on Oct. 20.

TokenPost's direct collection of Binance public liquidation data records one position closed in a single event. The amount was $11.96 million, and the liquidation price was $83,276. Those figures describe this BTC perpetual futures liquidation, not a combined total for other markets or time periods.

A short position is a trade that gains value if an asset's price falls. A liquidation is a forced closing of a position, and the recorded position was a short. The event was on Binance's BTC perpetual futures market and involved this single position.