Binance Ether Futures See Single $11.83 Million Long Liquidation

A single $11.83 million long position in Ether (ETH) perpetual futures was liquidated on Binance at 8:13 p.m. ET Oct. 20 (00:13 UTC Oct. 21), at a liquidation price of $2,433.

The $11.83 million figure covers one position, rather than a total across multiple liquidations. The position was in Binance’s ETH perpetual futures market. The $2,433 figure is the price at which that position was liquidated, not a separate reading of ETH’s broader market price.

The public Binance liquidation record was collected directly for this story. It identifies the contract, the long position, its value, the liquidation price and the time of the event. Those details describe one trade on one exchange; they do not establish a total for other ETH liquidations.

A long position gains value when the underlying asset rises and loses value when it falls. Liquidation closes a futures position when it can no longer be maintained. Because this was a perpetual futures position, the event concerned a derivatives trade rather than a spot-market ETH sale.