Binance Records $3.07 Million Ether Long Liquidation in One Event

Binance recorded a single $3.07 million liquidation of an Ether (ETH) long position on its perpetual futures market at 6:51 a.m. ET on Nov. 9. The recorded liquidation price was $2,192.

The record describes one position and one liquidation event. The $3.07 million figure is the value of the position in that record, while $2,192 is its liquidation price. Both figures refer to the same Binance ETH perpetual futures event, not a combined total across multiple liquidations.

This record captures one such closure on Binance.