Binance Liquidates $9.65 Million Bitcoin Long Position
Photo: TokenPost
Binance liquidated a single $9.65 million Bitcoin (BTC) long position at $81,773 at 8:06 a.m. ET on Oct. 13, marking a large forced closure in the exchange’s perpetual futures market. The position was a long, meaning the trader had positioned for Bitcoin’s price to rise. The event was recorded as one transaction rather than an aggregate of multiple smaller liquidations. No confirmed cause was provided for the liquidation. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
