Binance Sees $11.49 Million Ether Long Position Liquidation

Binance recorded a significant liquidation of an Ether (ETH) long position on September 24, 2026. The exchange witnessed a single $11.49 million forced exit from its perpetual futures market at 5:35 a.m. ET (09:35 UTC). This event marked a substantial correction in the market.

The liquidation involved a long position, meaning a trade positioned for ETH to rise. The $11.49 million position was closed in one event at the recorded price of $2,628.

This incident highlights the volatility of the cryptocurrency market and the risks associated with leveraged trading.