Binance Forced to Close $6.54 Million Bitcoin Long Position
Binance, one of the largest cryptocurrency exchanges, was forced to liquidate a significant long position in Bitcoin (BTC) perpetual futures.
The position, worth $6.54 million, was closed automatically at a price of $83,095 at 1:23 a.m. ET on September 28th.
This event does not indicate any broader market trend, as it involved only one position and no confirmed cause is available.