Binance Liquidates $11.85 Million Ether Long Position at $2,308

Binance liquidated a single Ether (ETH) long position valued at $11.85 million at 11:15 a.m. ET on Oct. 24 (15:15 UTC), with the liquidation price recorded at $2,308.

The 12:15 a.m. KST timestamp on Oct. 25 is equivalent to 11:15 a.m. ET on Oct. 24 (15:15 UTC). The $11.85 million figure covers one position closed in a single liquidation, rather than a combined amount across multiple positions.

An ETH long position is a futures trade set up to benefit from a rise in Ether’s price. A liquidation is a forced close of that position. Here, $2,308 is the liquidation price, and $11.85 million is the value attached to that one position. The $11.85 million figure applies to the single liquidation on Binance’s ETH perpetual futures market; it is not a spot-market trade total or an aggregate across multiple positions.