Binance Liquidates $2.75 Million Solana Long Position in One Event

A $2.75 million long position in Solana (SOL) perpetual futures was liquidated in a single event on Binance at $102 at 8:52 p.m. ET Monday. The liquidation time was 00:52 UTC Tuesday, Oct. 13. The position was bullish on SOL, meaning the trader expected the token’s price to rise. The event involved a perpetual futures contract, a derivative that lets traders take leveraged long or short positions without an expiration date. No additional details about the position or the cause of the liquidation were provided. Enna Lee reports on investing and digital-asset markets for TokenPost.

Source: TokenPost