Binance Records a Single $11.67 Million Bitcoin Long Liquidation

TokenPost’s direct collection of Binance’s public liquidation data logged a single $11.67 million Bitcoin (BTC) long position liquidation in the exchange’s perpetual futures market at 4:16 p.m. ET (20:16 UTC) on Oct. 18. The recorded liquidation price was $80,642. Here, the $11.67 million figure applies to one position closed in a single event. The position was a BTC long. The record ties the $80,642 price, $11.67 million size and timestamp to the same liquidation. It captures a single position-level close in Binance’s Bitcoin derivatives market. Enna Lee reports on investing and digital-asset markets for TokenPost.

Source: TokenPost