Binance Records $2.4 Million Ether Long Liquidation at $2,400

Binance's Ethereum perpetual futures market recorded a single $2.4 million liquidation of a long position at 2:12 p.m. ET (18:12 UTC) Oct. 22, with the liquidation price at $2,400.

The position was an Ether (ETH) long. The $2.4 million figure describes the size of this one position, while $2,400 is its liquidation price.

The timestamp corresponds to 6:12 p.m. UTC on Oct. 22, or 2:12 p.m. ET for U.S. readers. The record describes one event in Binance's ETH perpetual futures market, with a position value of $2.4 million, a liquidation price of $2,400 and an event time of 6:12 p.m. UTC on Oct. 22. Those fields identify the contract type, size, price and time of the reported event.