Binance Liquidates $2.68 Million Ether Long Position

A significant event occurred on Binance's perpetual futures market for Ether (ETH) on September 28, at 3:10 p.m. ET (19:10 UTC). A single long position worth $2.68 million was forcibly closed due to losses exceeding the available margin. This liquidation event is notable because it represents a large forced close in the exchange's ETH perpetual futures market.

The long position, which benefits when an asset's price rises, was closed at a price of $2,683. The figure of $2.68 million reflects a single liquidation event and not an aggregated total across multiple positions. Binance's public liquidation data recorded this event in its ETH perpetual futures market.