Binance Liquidates $11.73M Bitcoin Short Position in Single Event
A significant liquidation event occurred on Binance's perpetual futures market on October 2. At 1:20 p.m. ET (5:20 p.m. UTC), a $11.73 million Bitcoin short position was closed out, with the price of Bitcoin at $86,310.
The figure is based on TokenPost's collection of Binance's public liquidation data and represents a single event, with no indication of a cause or broader market trend. The liquidated position was a short, meaning it bet on the price of Bitcoin falling.