Binance Liquidates $8.78 Million Bitcoin Long Position at $76,600

A single $8.78 million Bitcoin (BTC) long position was liquidated on Binance's perpetual futures market at 10:01 p.m. ET Nov. 2 (03:01 UTC Nov. 3), with the recorded liquidation price at $76,600.

The position amount was $8.78 million, and $76,600 was its liquidation price. The dollar figure describes the one position closed, while $76,600 marks its liquidation price; those figures describe different aspects of the same event.

The contract was a BTC perpetual future.

The event was one BTC liquidation on Binance's perpetual futures market. The position amount and closing price apply to one event, not a total for all BTC liquidations across Binance or a measure of spot-market trading.