Binance Records a $3.95 Million Bitcoin Long Liquidation

A single $3.95 million Bitcoin (BTC) long position on Binance’s perpetual futures market was liquidated at $79,056 at 9:37 a.m. ET (14:37 UTC) Nov. 5.

Our direct collection recorded the event. The $3.95 million figure is the value of that one position, and $79,056 is its liquidation price. The record identifies the contract as BTC perpetual futures and the position direction as long.

The alert captures one position on Binance, rather than a total combining multiple positions or exchanges. Its figures describe one liquidation event, one price and one timestamp. The report is a discrete derivatives-market data point, with the asset, venue, contract type and position direction identified.